Question

*Discuss the main ways in which the Iraq War (2003-2007) impacted the Balance of Payments (BOP) account of the United States - (Be sure to consider all the components of the BOP). Discussion must be elaborate and well-written to earn full points. ECO 211-DISCUSSIONS GRADING RUBRIC POINTS 81-100 points CHARACTERISTICS Student provides at least a 1 page length discussion post, well written, and without grammatical and other writing errors. . Discussions are provided in fully elaborate and detailed Student provides comprehensive analysis of relevant facts pertaining to the topic. Understanding of the topical issues clearly demonstrated in sufficiently elaborate detail. Student applies relevant practical examples to illustrate points. 61-80 points Discussions are provided in fully elaborate and detailed articulation, but short of 1 page in length. Student provides description of limited amount of facts Student does not clearly state the topical issue. Student does not provide discussions in sufficiently elaborate detail. Student demonstrates partial understanding of the topical issue Sufficient practical applications not used to illustrate Student writes less than 1 page discussion length Student does not discuss all the components of topical issue. Student's discussions and analysis not clear and coherent. Student does not demonstrate full understanding of topical issue. The student merely restates what is in text or topic. Writing and or grammatical errors in discussion posts. 1-60 points 21-40 points Student merely restates/summarizes other student's response(s) Student merely states an opinion without warranting and justifying it to topical issue. Student does not provide description of facts, issues evidence, or purpose relating to topic. Discussions do not demonstrate understanding of topical issue. Discussions not relevant to topical issue. Discussions too brief and sketchy

ONE PAGE LONG !!! VERY DETAILED ❗️❗️

Answer 1

Given that Discuss the main ways in which the Iraq war (2003 - 2007) Impacted the balance of payments (Bop account of the united states) The war from 2003 to 2011 saw massive plunge in balance of payments from 23 billion dollar surplus to 10 billion dollars deficit with Massive impact on financial markets The federal reserve had been extremely tight in reducing interest and illiquidity due to war triggered the great recession of 2008 The total Budget deficit congress reacted from 279 billion dollar to 362 billion dollar economic Growth or real GDP touched 27% from 3.6% Earlier and this was another reason which triggered great Recession.