Based on the following graph, say whether the following statements are true or false: ...
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Finance
- Based on the following graph, say whether the following statements are true or false:
- US imports of goods were lower than exports of goods
- US-based investors earned more investment income on their foreign investments than foreign-based investors earned on their US investments
- The US had an overall current account deficit
- US imports of goods were lower than exports of goods
- US-based investors earned more investment income on their foreign investments than foreign-based investors earned on their US investments
- The US had an overall current account deficit
Please include explanation for each answer, will up vote!
Quarterly U.S. Current-Account and Component Balances Billion $ 100 Services 50 Primary income 0 -50 Current account Secondary income (current transfers) -100 -150 Goods -200 -250 2010 2011 2012 U.S. Bureau of Economic Analysis 2013 2014 2015 2016 2017 2018 Seasonally adjusted
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