The United States Became a Net Debtor Because

question 33

Multiple Choice

The United States became a net debtor because

• A)it ran consistently large current account deficits.
• B)it ran consistently large current account surpluses.
• C)it lent a lot to people in foreign countries.
• D)it provided much foreign aid to other countries.

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Definitions:

Sample

A selected subset of individuals or items from a larger population used to estimate characteristics of the whole population.

Sampling Error

The error caused by observing a sample instead of the whole population, leading to potential differences between the sample statistic and population parameter.

Population Mean

The average of all the data points in a population.

Simple Random Samples

A sampling method in which every individual or item from a population has an equal chance of being selected.