Kept within sustainable bounds trade deficits are not


Kept within sustainable bounds, trade deficits are not considered harmful by international economists. Why? To answer, define the trade balance equation of a country, and explain the economic justification of a country's trade deficit. (Hint: use the current account accounting to justify your answer).

Solution Preview :

Prepared by a verified Expert
Macroeconomics: Kept within sustainable bounds trade deficits are not
Reference No:- TGS02169666

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)