Question1. Determine what has caused the United States run a merchandise trade deficit year after year since the early 1980s?
Question2. Is the current account a deficit problem? Explain.
Question3. Is the trend of the international investment position of the United States problematic? Why or why not?
Question4. How is the current account related to a country's business cycle?
Question5. Discuss the relationship between a country's net financial inflow and its current account?
Question6. How does the U.S make adjustments for the balance of payment issues?