The media and others suggest that the current account deficit run by the U.S. is a problem for the economy. What do you think? What action(s) would you advise federal government officials to take on this issue?© BrainMass Inc. brainmass.com October 9, 2019, 10:21 pm ad1c9bdddf
Yes, the current account deficit run by the US is indeed a problem for the economy. The current account deficit in USA is due to excess spending in the economy and also caused by government borrowing which leads to a escalation in Aggregate Demand and thus growing demand for imports. A escalating current account deficit is thus, sign of ...
This solution states that the current account deficit run by the US is a problem for the economy and why in 216 words.