Author Question: The United States is called a debtor nation because A) it has a large current account deficit and ... (Read 79 times)

imanialler · **on:** Jun 29, 2018

The United States is called a debtor nation because

A) it has a large current account deficit and is simultaneously funded by foreign investment.
B) it has a large balance of payments deficit that is used to fund the current account deficit.
C) U.S. capital outflows are much greater than U.S. capital inflows.
D) it has a large financial account deficit that is used to fund the current account deficit.

Question 2

The federal government debt equals

A) the accumulation of past budget deficits.
B) tax revenues minus government spending.
C) the total value of U.S. Treasury bonds outstanding.
D) government spending minus tax revenues.