Discussion Chapter 9: Is Current Account Deficit a Sign of Economic Weakness?

Use www.bea.gov to state Current Account (CA) balance for the US for 2022.

Answer/discuss the following:

What is the difference between Current Account balance and Balance of Trade?

How many years has the US been running CA deficit?

Is it a problem for a country to have CA deficit? Why or why not?

Is it a sign of economic weakness? Why or why not?

Do CA deficits cost Americans jobs? Why or why not?

Can the US continue to run this deficit indefinitely? Why or why not?

Incorporate all these questions in your original post. Use the textbook and outside sources where appropriate.