Exports pay for imports. Yet in 2009 the nations of the world exported about $379 billion more

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“Exports pay for imports. Yet in 2009 the nations of the world exported about $379 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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Macroeconomics

ISBN: 9780077337728

19th Edition

Authors: Campbell Mcconnell, Stanley Brue, Sean Flynn, Flynn Mcconnell Brue

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