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The United States' surplus in international trade ended in 1983.
Trade deficit
its fed to animals
well you see, we have actually never been in debt. the us government has always has a surplus, the myth of a debt and deficit is to increase spending because the government is just greedy.
The US has a trade deficit with China. That means China sends the US goods worth worth more money than those the US sends China.
A call deposit account is a hybrid form of Current account and general saving account which allows us to withdraw money at any time as in current account and provides us interest on the deposit amount as in other saving account.
our country has allways been a trade deficit country. As a result of new economic policy the net invisibles share of the current account has been increasing steadily which results in comparitively a better current account deficit (i.e current account deficit is reduced considerably). Similarly the net balance of capital account has allways been surplus due to the net FDI inflows, FIIs etc.. the deficit in current account has been almost overcome by the surplus in capital account and which resulted in a steady accumulation of foreign exchange reserves. At present our F E reserves are at US$301 billions. It shows the impact of new economic policy on our country's balance of payments.
The current account deficit is good for the United States because it helps them regulate their expenditure.
"Current account balance recover", is this a financial question?
Whether Subscription Receivable account should be presented as an current asset or a contra equity account is debatable. The US SEC requires it as a contra equity account.
The United States' surplus in international trade ended in 1983.
The United States' surplus in international trade ended in 1983.
The United States had a federal surplus in 1998. There was a surplus until 2001, but after 2001, the country has had a national deficit.
The United States' surplus in international trade ended in 1983.
The United States' surplus in international trade ended in 1983.
Trade deficit
It depends on the type of account you hold with the bank. Ex: Savings account: 3-4% Current account: 0% Fixed or Time Deposits: 7-9%