The U.S. current account deficit in 2015 was $484 billion, up from $390 billion in 2014, and

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The U.S. current account deficit in 2015 was $484 billion, up from $390 billion in 2014, and the highest since 2008. Some politicians say the deficit is the result of bad trade deals with nations engaged in unfair trading practices.

Explain how the sum of the government budget balance and the personal sector balance changed in 2015; and explain why the politicians are wrong.

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Foundations Of Economics

ISBN: 9780134486819

8th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Dec 23, 2023 06:04 AM

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The U.S. current account deficit in 2015 was $484 billion, up from $390 billion in 2014, and

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The link between the sector balances is X M S I NT G ...View the full answer

Foundations Of Economics

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