Over the last several years the U.S. has run persistent
A)balance-of-payments deficits.
B)balance-of-payments surpluses.
C)current Account deficits.
D)capital Account deficits.

Question

Quizplus · Accepted Answer

The U.S. has consistently run current account deficits, which means that it imports more goods and services than it exports, resulting in a net outflow of currency to other countries. This is different from capital account deficits, which would indicate a net outflow of capital to other countries. Similarly, balance-of-payments deficits or surpluses are broader measures that include both current and capital account transactions.

Over the Last Several Years the U