Exports pay for imports. Yet in 2005 the nations of the world exported about $724 billion more

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“Exports pay for imports. Yet in 2005 the nations of the world exported about $724 billion more worth 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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Economics

ISBN: 9780073336947

17th Edition

Authors: Campbell McConnell , Stanley Brue

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