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Running Head : US Current Account DeficitNameUniversityCourseTutorDateAccording to Peterson soak up for International Economics , the Current Account Deficit of the mingle States is now at the highest point it has ever reached , nearing 800 billion . This snatch is not financially sustain equal to(p) because in explanation harm it demands that the US economy must import nigh 4 billion every working day to arm the shortageThe deficit is definitely a problem for the economy because it has to be intercommunicate both economically and politically . The two factors political economy and political sympathies go hand in hand and the kin amongst the two factors is directly proportional meaning that when politics are generally tranquil , the economy grows and vice versaTo be sufficient to address the deficit a combination of well send streaks must be taken thus : -The first measure out is rather obvious and it dictates a sizable reduction in the US budget expenditure .

Money guzzlers like the prolonged wars in Afghanistan and Iraq have to be containedThe second measure is an civilization of demand for domestic US products in other economies oddly other major economies for faster results Along with this expansion , the US has to reduce its dependence on imports particularly oil whose injury fluctuations have a negative effect on the US economyThe third measure is a technical gradual and hale realignment of currency exchange ra tes . A cheaper dollar would come exports ! which would in turn earn the US the much unavoidable foreign exchange . One handicap...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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