Economics · May / June 2017 · Paper 11 · Question 29

In recent years, the US has experienced a deficit on its overall current account of the balance of payments. What could have led to an increase in the size of the deficit?

1. Aincreased competitiveness of goods made in the US
2. Bincreased earnings by US investors in foreign companies
3. Cincreased numbers of overseas visitors to the US
4. Dincreased spending on US military bases abroad

As printed in the paper