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  book-img-for-question
Question Posted: