In recent years, the United States has had large

A) current account surpluses.
B) current account deficits.
C) balance of trade surpluses.
D) balance of payments surpluses.

Current Account Deficits

Occurs when a country's total imports of goods, services, and transfers exceed its total exports, indicating that it is spending more on foreign trade than it is earning.

Trade Surpluses

A condition in international trade where a country exports more goods and services than it imports.

Balance Of Payments Surpluses

A situation where the total amount of money coming into a country from abroad exceeds the total amount of money leaving the country.