U.S. imports are considered:

Question

Quizplus · Accepted Answer

U.S. imports represent a debit or negative item in the U.S. balance of payments because they signify spending by U.S. consumers on foreign products and services, which is a form of outflow of U.S. currency or assets. The balance of payments is a record of all economic transactions between a country's residents and non-residents over a specific period, and it includes both current and capital accounts. The current account, which deals with trade in goods and services, shows the net balance of exports and imports, with exports being a credit or positive item and imports being a debit or negative item. Therefore, the more imports the U.S. has, the larger the current account deficit will be, which can affect the value of the U.S. dollar, the interest rates, and the overall economic growth.

U.S. Imports Are Considered