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Running Head : US Current Account DeficitNameUniversityCourseTutorDateAccording to Peterson rear for International Economics , the Current Account Deficit of the unify States is now at the highest point it has ever reached , nearing 800 billion . This slice is not financially sustain equal to(p) because in be harm it demands that the US economy must import around 4 billion every working day to countervail the shortageThe deficit is definitely a problem for the economy because it has to be intercommunicate both economically and politically . The two factors economic science and political sympathies go hand in hand and the kinship amongst the two factors is directly proportional meaning that when politics atomic number 18 generally tranquil , the economy grows and vice versaTo be sufficient to address the deficit a co mbination of well address streaks must be taken thus : -The first pace is rather obvious and it dictates a sizable reduction in the US budget expenditure . Money guzzlers like the lengthy wars in Afghanistan and Iraq have to be containedThe second measure is an finis of demand for domestic US products in other economies peculiarly other major economies for faster results Along with this expansion , the US has to reduce its dependence on imports particularly oil whose injure fluctuations have a negative effect on the US economyThe third measure is a technical gradual and firm realignment of currency exchange rates . A cheaper dollar would engender exports which would in turn earn the US the much demand foreign exchange . One handicap...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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