Research the current foreign U.S. economic exposure. How much of the U.S. GDP is attributed to U.S.
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Question:
- Research the current foreign U.S. economic exposure. How much of the U.S. GDP is attributed to U.S. international economic/business activities? (i.e. what is the U.S. international exposure in percentage terms?).
a. Compare it with the economic exposure of the G7 countries, and with the BRIIC countries.
b. Identify the current U.S. Exports=X and Imports=M. Moreover, determine the magnitude of the U.S. trade surplus or trade deficit.
Also Look at the state of California as an independent country. Does its Gross State Product (GSP) compare with other countries' GDP values? Explain!
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