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Which of the following statements about the current account deficit are correct? Check all that apply. Economic downturns may reduce the current account deficits. The

Which of the following statements about the current account deficit are correct? Check all that apply. Economic downturns may reduce the current account deficits. The United States has been able to be a large debtor nation without bearing negative debt service cost. Using a current account deficit to increase domestic investment will never be beneficial for a nation's economy. When a country increases its borrowing from abroad, the cost of servicing its debt is expected to decrease. Using a current account deficit to finance domestic consumption may result in a burden for a nation's economy

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