Which of the following statements is most accurate about the U.S. current account since the Great Recession (the period covering 2009-2015)?
A) The current account has remained the same in absolute terms, but fallen as a percentage of GDP.
B) The current account has gone from a deﬁcit to a surplus.
C) The current account deﬁcit has grown in absolute terms, but remained relatively constant as a percentage of GDP.
D) The current account deﬁcit has grown in both absolute terms, and as a percentage of GDP.

Question

Quizplus · Accepted Answer

According to the data, the U.S. current account deficit has gone up in absolute terms from $391 billion in 2009 to $469 billion in 2015. However, as a percentage of GDP, it has remained relatively constant, hovering around 2.5% during this time period. Therefore, option C is the most accurate statement.

Which of the Following Statements Is Most Accurate About the U.S