The U.S. private sector saves 6 percent of GDP and invests approximately 4 percent of GDP. The
Question:
The U.S. private sector saves 6 percent of GDP and invests approximately 4 percent of GDP. The U.S. government runs a mammoth budgetary deficit of 10 percent of GDP. Is the United States running a surplus or a deficit on the current account of its balance of payments?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: