Discuss the difference between the merchandise trade balance and the US current account balance. Explain the components of the current account balance, and if on net (exports - imports) they are positive or negative for the US.
Discuss the difference between the merchandise trade balance and the US current account balance. Explain the components of the current account balance, and if on net (exports - imports) they are positive or negative for the US.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter23: The International Trade And Capital Flows
Section: Chapter Questions
Problem 6SCQ: The GDP for the United States is 18,036 billion and its current account balance is 484 billion. What...
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Discuss the difference between the merchandise trade balance and the US current account balance. Explain the components of the current account balance, and if on net (exports - imports) they are positive or negative for the US.
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