The net debtor status that the United States achieved in its balance of international indebtedness by the mid-1980s reflected the continuous current account surplus that the United States attained in its balance-of-payments during the 1970s.

Question

Quizplus · Accepted Answer

The statement is incorrect. The United States actually achieved a net CREDITOR status in its balance of international indebtedness by the mid-1980s, reflecting its continuous current account DEFICIT in the balance of payments during the 1970s.

The Net Debtor Status That the United States Achieved in Its