Asked by Mikaela Forcum on Jul 27, 2024
Verified
The United States' current account deficit reached a record high in
A) 2006.
B) 2007.
C) 2009.
D) 2015.
Current Account Deficit
A situation where a country's total imports of goods, services, and transfers exceed its total exports, reflecting an imbalance in foreign trade.
Record High
A record high is the highest level or value reached by a financial indicator, stock price, or other market-related metric in its history.
- Investigate the impact of a country's trade deficit and surplus on its economic condition.
- Gain insight into the factors leading to and the outcomes of substantial trade deficits, focusing on the relationship between the United States and its commercial partners.
Verified Answer
ZK
Zybrea KnightAug 03, 2024
Final Answer :
A
Explanation :
The United States' current account deficit reached a record high in 2006.
Learning Objectives
- Investigate the impact of a country's trade deficit and surplus on its economic condition.
- Gain insight into the factors leading to and the outcomes of substantial trade deficits, focusing on the relationship between the United States and its commercial partners.