Comparing what the United States owes to other nations against what other nations owe to the United States, the United States is

Question

Sunny_sXe [5.5K]

3 years ago

11

Comparing what the United States owes to other nations against what other nations owe to the United States, the United States is

currently a(n)

Social Studies

1 answer:

Black_prince [1.1K] · Answer 1 · 2021-11-23T06:40:51+03:00

Answer:

Net debtor

Explanation:

A net debtor nation is a term that describes a nation that is running a current account deficit as a whole or considering all its transactions together. Though, there may be cases where it runs deficits or surpluses with individual nation's, based on some factors such various goods and services traded, market competition, currency, etc.

Comparing what the United States owes to other nations against what other nations owe to the United States, the United States is currently a NET DEBTOR because, the value of its domestically owned assets is less than its liabilities to foreign investors, and has at the moment has an account deficit of around half a trillion dollars.