Blaze@feddit.nl to Buy European@feddit.ukEnglish · 2 months agoEconomists, is this trade balance analysis correct?imagemessage-square41linkfedilinkarrow-up1566arrow-down15file-textcross-posted to: BuyFromEUBoycottUnitedStates
arrow-up1561arrow-down1imageEconomists, is this trade balance analysis correct?Blaze@feddit.nl to Buy European@feddit.ukEnglish · 2 months agomessage-square41linkfedilinkfile-textcross-posted to: BuyFromEUBoycottUnitedStates
minus-squaredavesmith@feddit.uklinkfedilinkEnglisharrow-up41arrow-down1·edit-22 months agodeleted by creator
minus-squareJustin@lemmy.jlh.namelinkfedilinkarrow-up1arrow-down2·2 months agoyes, but that’s caused by an excessive trade deficit. A slight trade deficit when you’re the world’s reserve currency is ideal.
minus-squareBrowseMan@sh.itjust.workslinkfedilinkarrow-up2·2 months ago“trade deficit” is a completly wrong expression. Why? Because it only count goods and not services. Services which, for a developed economy, are generaly above goods in part of GDP. https://www.bea.gov/data/gdp/gdp-industry
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yes, but that’s caused by an excessive trade deficit. A slight trade deficit when you’re the world’s reserve currency is ideal.
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“trade deficit” is a completly wrong expression.
Why? Because it only count goods and not services. Services which, for a developed economy, are generaly above goods in part of GDP.
https://www.bea.gov/data/gdp/gdp-industry