Part 1: The USA has had a significant current account deficit for several decades now. Explain why this may be the case for the last two decades and explain the consequences for the USA of this current account deficit. 600 to 700 words to words excluding bibliography.
Part 2: Critically evaluate the effectiveness, consider and explain the pros and cons for the government, businesses and people of two policies that the USA could use to reduce its current account trade deficit. 1,050 to 1,400 words excluding bibliography.
