Look at the latest GDP report. What is the rate of GDP growth during 2023 Quarter 1?
Question:
U.S. International Trade in Goods and Services, May 2023
The U.S. monthly international trade deficit decreased in May 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $74.4 billion in April (revised) to $69.0 billion in May as imports decreased more than exports. The goods deficit decreased $4.8 billion in May to $91.3 billion. The services surplus increased $0.7 billion in May to $22.3 billion.
In addition, the trade in services statistics in BEA’s annual International Services tables—BEA’s most detailed trade in services statistics by service type and geographic area—are now available with statistics through 2022.
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw