Macroeconomics (Fourth Edition)
Macroeconomics (Fourth Edition)
4th Edition
ISBN: 9780393603767
Author: Charles I. Jones
Publisher: W. W. Norton & Company
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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?
What is fiscal deficit and what are two reasons why this economic statistic is so closely monitored in small fixed exchange rate economies?
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