EBK MACROECONOMICS (FOURTH EDITION)
EBK MACROECONOMICS (FOURTH EDITION)
4th Edition
ISBN: 9780393616125
Author: Jones
Publisher: YUZU
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Chapter 2, Problem 2RQ
To determine

Explain net exports and trade deficit.

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What is the difference between a government deficit and a trade deficit ?
The table above gives the values of different expenditures in the United States. Answer the following questions about the United States.   What is the value of net exports of goods and services? In addition, why can this trade deficit raise the issues for the US economy?     What is the amount of GDP from the table?
Generally, how does the standard of living in the United States today compare to the standard of living in other countries? To the standard of living in the United States a century ago?The Bureau of Economic Analysis, or BEA, is a government agency collecting various U.S. economy statistics. From the BEA’s website, find data for the most recent year available on U.S. exports and imports of goods and services. Is the United States running a trade surplus or deficit? Calculate the ratio of the surplus or deficit to U.S. exports.There are many people out there providing opinions on the economy. How can differences of opinion about economic policy recommendations be resolved?
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