Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
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Chapter 11, Problem 7E
To determine
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How could an increase in a nation's fiscal deficit increase its trade deficit?
What is a foreign trade deficit or surplus? How does this affectinterest rates?
If there is no trade deficit, budget deficit =$500, what is the difference between savings and planned investment in equilibrium?
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- Why does a recession cause a trade deficit to increase?arrow_forwardFor each of the following, indicate which type of government spending would justify a budget deficit and which would not. Increased federal spending on Medicare Increased spending on education Increased spending on the space program Increased spending on airports and air traffic controlarrow_forwardUnder what conditions will a larger budget deficit cause a trade deficit?arrow_forward
- Why are budget deficits and trade deficits sometimescalled the twin deficits?arrow_forwardFind the revenue deficit???arrow_forwardIn an economy open to trade, must a government budget deficit always be accompanied by an external sector deficit? Why or why not? Could a government budget deficit lead to a government budget surplus?arrow_forward
- If US is expected to have 12 billion dollars more export and 8 billion dollars less import. How will the trade deficit change?arrow_forwardHow big is the trade deficit relative to overall GDP?arrow_forwardAssume that in 2010, a country had a GDP of $500$500 billion, a budget deficit of $6$6 billion, and a trade deficit of $10$10 billion. In five years, the budget deficit became $4.0$4.0 billion, and the trade deficit as a percentage of GDP changed by 0.70.7 percentage point(s). GDP remained unchanged.Calculate the dollar value of the trade deficit in 2015.arrow_forward
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