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rsbains rsbains
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4 years ago
Recall the Application about the factors which allow the United States to continue to run large current account trade deficits with the rest of the world to answer the following question(s). The 2006 Economic Report of the President addressed the issue of whether the United States can continue to run large current account deficits. The report stated that the current account deficits would eventually be reduced and highlighted a number of factors that suggested the deficits could continue for a long period of time.


According to this Application, if the United States is running a current account deficit, it must also have

▸ a balance of payment surplus.

▸ a financial account surplus.

▸ a balance of payment deficit.

▸ purchasing power parity.
Textbook 
Macroeconomics: Principles, Applications and Tools

Macroeconomics: Principles, Applications and Tools


Edition: 7th
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shamanieshamanie
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4 years ago
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rsbains Author
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4 years ago
Just got PERFECT on my quiz
jaray75
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Correct Slight Smile TY
Zacellison
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Brilliant ツ
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