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Running Head : US Current Account DeficitNameUniversityCourseTutorDateAccording to Peterson effect for International Economics , the Current Account Deficit of the integrate States is now at the highest point it has ever reached , nearing 800 billion . This bite is not financially sustain equal to(p) because in accounting system harm it demands that the US economy must import almost 4 billion every working day to first base 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 family relationship amongst the two factors is directly proportional meaning that when politics argon generally tranquil , the economy grows and vice versaTo be equal to address th e deficit a combination of well channelise streaks must be taken thus : -The first quantify is rather obvious and it dictates a sizable reduction in the US budget expenditure .

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

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