QUESTION: Now how would you compute the U.S. services trade balance with Japan? Is the balance a

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QUESTION: Now how would you compute the U.S. services trade balance with Japan?

Is the balance a surplus or a deficit?

The United States imports many goods from Japan, including automobiles, electronics, and medical instruments. But we also export many services to Japan, such as financial and travel services. The table below reflects trade between the United States and Japan in 2014. (All figures are in billions of U.S. dollars.)

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Principles Of Microeconomics

ISBN: 9780393679199

3rd Edition

Authors: Dirk Mateer, Lee Coppock

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