Write a concise “essay” Remember that an “essay” requires - at the very least - three parts, consisting of an introduction, which should specify the question you are investigating. “Middle”...

Write a concise “essay” Remember that an “essay” requires - at the very least - three parts, consisting of an introduction, which should specify the question you are investigating. “Middle” paragraphs, which set forth the reasons the subject is important and evidence on the issue. Finally, your conclusions. this is an international eco & finance course

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   The United States continues to have the largest external debt in the world. It stood at $26.5 trillion in March 2024. This sum was 91% of its GDP. One can further recognize its magnitude by noting that the next 2 largest external deficits were: the U.K at $10 trillion and France at $8 trillion, both as of June 2024
   
   
   
   
   
   ^{Data from Wikipedia.}
   
   
   
   
   
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   What are the current and capital accounts where this debt occurs? What is a deficit on these accounts? Is such a deficit a problem? Why or why not? Discuss the issues involved.