In the United States, has the real net balance of trade been in surplus or deficit in the last 40 years? What has been the trend of the trade balance? Is the deficit greater or has it been reduced? Analyze what happened to that indicator during the 2008 financial crisis. Why do you think the trade balance deficit decreased during the financial crisis? Has real GDP increased or decreased over time? 

Answer rating: 100% (QA)

US Trade Balance and Real GDP over the Last 40 Years Trade Balance Surplus or Deficit The real net b... View the full answer