Solution Found!
Exports pay for imports. Yet in 2012 the nations of the world exported about $540
Chapter 27, Problem 4(choose chapter or problem)
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.
Questions & Answers
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.
Step by step solution
Step 1 of 2
Exports and imports: