Asked by
Utchas Chowdhury
on Oct 11, 2024Verified
In 2009,the gap between foreign assets in the United States and U.S.assets abroad was
A) $3 trillion.
B) $2.5 trillion.
C) $4 trillion.
D) $6.5 trillion.
Foreign Assets
International investments or possessions held by a country, corporation, or individual.
- Comprehend the shift of the United States from a creditor to a debtor nation and its consequences.
- Comprehend the dynamics behind the current account balance and the elements influencing it.
Verified Answer
LD
Learning Objectives
- Comprehend the shift of the United States from a creditor to a debtor nation and its consequences.
- Comprehend the dynamics behind the current account balance and the elements influencing it.