Some people point to the US current account deficit. But mos…
Some people point to the US current account deficit. But most people do not understand. You have been asked to develop an essay explaining IF current account deficits are actually bad. In your answer, be sure you FULLY explain: what the CURRENT account captures, what it means to have a current account deficit and what is likely causing it, the current account’s role in the balance of payments, how the current accounts connect to trade, AND the connection between the current account and the CAPITAL account…both how and why are they related. Make sure that you actually ANSWER the question that was asked. Expected length is about 500 words with good content. If you have more to say, then say it. If you are far below this length, then you have not likely answered all parts of the question thoroughly. Make sure you are thorough and detailed, illustrating an understanding of these concepts. You will be judged on the depth, accuracy, and persuasiveness of your explanation. *This is a bit open-ended and you need to put some structure in place. **Do no waste time restating question. Focus on body paragraphs of an essay. ***Note that a few sentences is not sufficient to answer this question and will not earn you an acceptable score. Note the length expectations communicated. ****Be detailed and be thorough. Use examples to illustrate your logic and points. *****Content is the most important contributor to your grade. But writing quality counts too. I do not expect perfection from a timed essay. But I do expect that your work is proofread and major grammar errors and spelling errors are addressed. SPEND A FEW MINUTES EDITING YOUR WORK BEFORE SUBMITTING.