An article in the New York Times noted that in 2022, exports of goods and services rose
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An article in the New York Times noted that in 2022, “exports of goods and services rose 17.7percent to \($3\) trillion, while imports rose 16.3 percent to \($4\) trillion.” Can we tell from this information whether the United States ran a current account deficit or a current account surplus in 2022? Briefly explain.
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