Exports pay for imports. Yet in 2018 the nations of the world exported about $891 billion more

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“Exports pay for imports. Yet in 2018 the nations of the world exported about $891 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: 9781264112456

22nd Edition

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

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Question Posted: Mar 02, 2024 01:00 PM

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Exports pay for imports. Yet in 2018 the nations of the world exported about $891 billion more

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The apparent inconsistency in these two statements can be resolved by understanding the role of othe...View the full answer

Macroeconomics

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