Part I.

1. Go to the Bureau of Economic Analysis website. How much money has the U.S. collected in imports and spent in exports recently? [Hint: Look for a news release on U.S. International Trade in Goods and Services from the BEA website. You can also find imports and exports from other legitimate websites that end in .org or .gov]
2. Is the United States in a trade deficit or trade surplus? Explain.

Part II. According to the US Debt Clock,

1. What is the United States Trade Deficit?
2. Does this number match your answer above? Explain why or why not.
3. Should leaders and citizens of the United States be worried about the trade deficit? Explain why or why not? [Hint: Reflect on the concepts learned in this week's chapter reading]