Comparing the U.S. balance of payments in 2012 to the rest of the world, we see that the
A) U.S. current account is similar in size to most developed nations and has a deficit.
B) United States has the largest current account surplus.
C) United States has the largest capital and financial account deficit.
D) United States has the largest current account deficit.
E) U.S. current account is similar in size to most developed nations and has a surplus.
D
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Price bubble occurs when
A) price of an asset soars far above "fundamentals" like corporate earning or household income. B) people can no longer afford to purchase an asset. C) economy enters recessionary period. D) economy experiences prolonged and slow recovery.
By keeping the basket of goods and services the same when computing the CPI, the Bureau of Labor Statistics isolates the effects of price changes from the effect of any quantity changes that might be occurring at the same time
a. True b. False Indicate whether the statement is true or false