From the mid 1980s to the present, the United States a. had only a sm

From the mid 1980s to the present, the United States

a. had only a small current account deficit.
b. had a large capital account deficit, which in the balance of payments accounts was financed with a surplus in the current account, which in turn financed investment in excess of domestic saving.
c. has had a large current account deficit, which in the balance of payments accounts was financed with a surplus in the capital account, that in turn financed investment in excess of domestic saving.
d. None of the above

ANSWER

C