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Different Types of Unemployment
Causes of Unemployment including frictional, structural, geographical and classical unemployment. Explanation of each type of unemployment
What Causes a Current Account deficitA current account deficit on the Balance of Payments means that the value of imports for goods and services is greater than the value of exports. The US currently has a very large current account deficit, roughly between 6-7% of GDP. This deficit threatens to cause a significant devaluation in the US dollar. This essay looks at the causes of a balance of payments deficit.
