Persistent U.S. current account deficits have translated into a rising level of indebtedness to other countries, i.e., net U.S. holdings of foreign assets (see figure 3.3).
Current account deficits in the U.S. have caused the country to become more and more in debt with other countries as time goes on.
There are no negative consequences to U.S current account deficits.
The boy examines objects up close.
two women riding
The people are sitting and standing.
Two fencers are competing.
A man is riding his bike.
Two people are riding a train.