Buy custom US Trade Deficit
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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 625 |
Essay's paper body
current-account balance tends to fall. Conversely, faster foreign growth typically spurs the demand for U.S. exports and raises the current-account balance." (Congressional Budget Office, 2004)
So, as you can see the current account of a country is affected either positively or negatively by the net financial income of that country...
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One way that affects the United States citizens is by passing laws that will reduce the deficit. One example of this is the Deficit Reduction Act of 2005. This act was signed by President Bush on February 8, 2006 (Forefield, 2006). This act had many implications that will affect the majority of United States citizens...
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