Which of the following statements is NOT CORRECT regarding a country's current account? Higher imports would lead to a higher deficit in a country's current account. Lower exports would lead to a higher deficit in a country's current account Lower imports would lead to lower deficit in a country's current account. Only a change in imports will change the deficit in a country's current account.

What will happen to the US trade deficit if the US is in a recession while our trading partners are strong

How can the United States improve trade deficit? Give three solutions.

If Americans decide to buy more goods from India, and the Indian producers use all of the money to buy American goods, the U.S.: current account deficit and capital account surplus have both decreased. current account deficit and capital account surplus have both increased. current account deficit has decreased and the U.S. capital account surplus has increased. current and capital accounts have not changed.