Question: The most accurate statement would be: (LO5) a) The current account defi cit is high, but falling. b) The current account defi cit will bankrupt

The most accurate statement would be: (LO5)

a) The current account defi cit is high, but falling.

b) The current account defi cit will bankrupt us by 2015.

c) If our trade defi cit begins falling, the current account defi cit will fall.

d) Our trade defi cit is much higher than our current account defi cit.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Macroeconomics Principles Questions!