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- Why are budget deficits and trade deficits sometimescalled the twin deficits?If there is no trade deficit, budget deficit =$500, what is the difference between savings and planned investment in equilibrium?During the Great Recession there was a large drop in the US trade deficit. There was also a large increase in the US government budget deficit. Are these two facts related? What else must be going on to have a falling trade deficit and a growing government budget deficit at the same time?
- We often hear that trade deficits are bad for a country. Should we agree or disagree with this viewpoint?How could an increase in a nation's fiscal deficit increase its trade deficit?Explain the BOP deficit shortly? When a nation is suffering a BOP deficit, what does it need to cover that deficit? Explain.
- What are some reasons to think that America is obligated to help poor countries? What are some reasons to think that America is not obligated to help poor countries? Is foreign aid worsening our budget deficit?If a country is experiencing a budget deficit and the government reduced spending, resulting in a balanced budget. How a country’s shift from budget deficit to balanced budget would affect its investments, economic growth, net capital outflow and currency exchange rate?Very short answer question What is meant by deficit in balance of payments?
