Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In 2010 the United States posted a current account deficit of -$471 billion. The bulk of the negative value came from: a net transfer deficit.

In 2010 the United States posted a current account deficit of -$471 billion. The bulk of the negative value came from:

a net transfer deficit.
an income balance deficit.
a goods trade deficit.
an income trade deficit.

Step by Step Solution

3.43 Rating (162 Votes )

There are 3 Steps involved in it

Step: 1

Answer a goods trade deficit Explanation The main composition of a cur... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics

Authors: R. Glenn Hubbard

6th edition

978-0134797731, 134797736, 978-0134106243

More Books

Students also viewed these Economics questions