U.S. deficit balance was $16 trillion
As of March 2013, the U.S. deficit balance was $16 trillion. Why do think the U.S. government should be concerned? Should the government be equally concerned, if it were a surplus?
Your response should be at least 500 words in length.
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A deficit balance is generated when a country’s imports more than what it earns from exports and any country that has a deficit balance should be worried about it. On the other hand, countries that export more than they import enjoy surplus balances (Bergsten, 2009). An example of a country that has trade surplus is China. Although several other countries in Europe…
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