Assignment- The Trade Deficit
Research and analyze the US trade deficit. Answer the following questions.
• How large is the US trade deficit (relative to GDP)?
• How has the trade deficit changed recently? Why?
• Do you expect this trend to continue?
• Is this trade deficit a bad thing or a good thing, and why?
• Describe what would happen if we implemented more trade protection (tariffs, quotas, VERs).
GDP data is available from the Bureau of Economic Analysis:
Note: Assignment must be in expository essay form, comply with APA style formatting, be 3-7 pages long (not counting cover and references pages), and in MS Word.
Provide a solid Intro and Conclusion, check work, spelling, and grammar. Support findings and opinions with citations, APA 6th. Look through the lens of the current world situation.