Which of the Following Statements Is Most Accurate About the U.S

question 38

Multiple Choice

Which of the following statements is most accurate about the U.S. current account since the Great Recession (the period covering 2009-2015) ?

• A)The current account has remained the same in absolute terms, but fallen as a percentage of GDP.
• B)The current account has gone from a deficit to a surplus.
• C)The current account deficit has grown in absolute terms, but remained relatively constant as a percentage of GDP.
• D)The current account deficit has grown in both absolute terms, and as a percentage of GDP.

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Definitions:

Statement Of Income

A financial report that shows a company's revenues, expenses, and profits over a specific period, typically a quarter or year, also known as an income statement.

Unrealized Gains

Increases in the value of assets that a company holds which have not yet been sold and thus not "realized."

Non-Strategic Investments

Non-strategic investments are investments made by a company that do not align directly with its core business activities or strategic goals.

Fair Value

The estimated market price of an asset or liability, reflecting the amount for which it could be exchanged in an orderly transaction between knowledgeable, willing parties.