In$2019,$ the U$.$S$.$ current account deficit was$$ $$480$ billion, while the trade deficit was$$ $$577$ billion.

Part $2$

Which of the following statements best explains the difference in the values of the trade deficit and the current account$$ deficit?$$

A$.$

The current account deficit is less than the trade deficit because the current account is comprised of the trade$$ balance, factor$$ payments, and international$$ transfers, and the trade balance is only one component of the current account.

B$.$

The current account deficit is less than the trade deficit because the current account is comprised of the trade$$ balance, net capital$$ outflows, and international$$ transfers, and the trade balance is only one component of the current account.

C$.$

The current account deficit is greater than the trade deficit because the current account is comprised of the trade$$ balance, net capital$$ outflows, and international$$ transfers, and the trade balance is only one component of the current account.

D$.$

The current account deficit is greater than the trade deficit because the current account deficit is comprised of the trade$$ balance, factor$$ payments, and international$$ transfers, and the trade balance is only one component of the current account.

Your answer is correct.

Part $3$

In$2019,$ U$.$S$.$ net capital outflows were

$$$enter your response here

billion.