4. Exports pay for imports. Yet in 2012 the nations of the world exported about $540 billion...

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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.

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Microeconomics Principles, Problems, And Policies

ISBN: 9781259915727

21st Edition

Authors: Campbell McConnell

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Question Posted: Sep 30, 2024 07:01 AM

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4. Exports pay for imports. Yet in 2012 the nations of the world exported about $540 billion...

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Microeconomics Principles, Problems, And Policies

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