Chapter 23: Q. 16 (page 576)
Both the United States and global economies are booming. Will U.S. imports and/or exports increase?
U.S. imports will increase.
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The GDP for the United States is \(18,036 billion and its current account balance is –\)484 billion. What percent of GDP is the current account balance?
Why does a recession cause a trade deficit to increase?
In recent decades, has the U.S. trade balance
usually been in deficit, surplus, or balanced?
If foreign investors buy more U.S. stocks and bonds, how would that show up in the current account balance?
In what way does comparing a country’s exports to GDP reflect its degree of globalization?
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