question archive The following passage is from an article that appeared in a newspaper: “Last year, the US demand for capital to fund the federal deficit and to finance private investment in buildings and equipment exceeded net domestic savings by about usd 100 billion
Subject:EconomicsPrice: Bought3
The following passage is from an article that appeared in a newspaper: “Last year, the US demand for capital to fund the federal deficit and to finance private investment in buildings and equipment exceeded net domestic savings by about usd 100 billion.” What can we infer about the magnitude of the US current account deficit?