Chapter 23: Q. 20 (page 576)
The United States exports 14% of GDP while Germany exports about 50% of its GDP. Explain what that means.
The level of trade in the United States is low than the level of trade in Germany.
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Will nations that are more involved in foreign trade tend to have higher trade imbalances, lower trade imbalances, or is the pattern unpredictable?
State whether each of the following events involves a financial flow to the Mexican economy or a financial flow out of the Mexican economy:
a. Mexico imports services from Japan
b. Mexico exports goods to Canada
c. U.S. investors receive a return from past financial investments in Mexico
In recent decades, has the U.S. trade balance
usually been in deficit, surplus, or balanced?
Why does a recession cause a trade deficit to increase?
What are the main components of the national
savings and investment identity?
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