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Exports pay for imports. Yet in 2012 the nations of the world exported about $540

Chapter 27, Problem 4

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QUESTION:

Exports pay for imports. Yet in 2012 the nations of the world exported about $540 billion more of goods and services to the United States than they imported from the United States. Resolve the apparent inconsistency of these two statements.

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QUESTION:

Exports pay for imports. Yet in 2012 the nations of the world exported about $540 billion more of goods and services to the United States than they imported from the United States. Resolve the apparent inconsistency of these two statements.

ANSWER:

Problem 4

Exports pay for imports. Yet in 2012 the nations of the world exported about $540 billion more of goods and services to the United States than they imported from the United States. Resolve the apparent inconsistency of these two statements.

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Exports and imports:

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