Accounts Quote by Robert C. Solomon
“The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items.”
About This Quote
Source Lecture: Economics and Ethics, 2010
The US consistently runs a large current‑account deficit across multiple categories.
In simple terms: America imports more than it exports overall.
Address trade imbalances.
Themes
Mood
Type
When to use this quote
- government budgeting
- business strategy
- investment decisions
Key Concepts
Questions to Reflect On
- What policies could reduce the deficit?
- How does a deficit affect domestic industries?
Deficits can signal structural issues.