Is Our Trade Deficit a Problem?
What is a trade deficit?
A trade deficit happens when a country’s imports of goods and services exceed its exports of goods and services. In other words, when a country buys more from the rest of the world than it sells, the country incurs a trade deficit. […] The size of the trade deficit is primarily determined by four macroeconomic forces:
- The difference between U.S. household
Authors: Euijin Jung, Gary Clyde Hufbauer | Source: PBS NewsHour (February 2, 2017) | Subjects: Articles & Links, Economics | Economy, Excerpts