International TradeSmontgomery.docx

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Running Head: International Trade 1 International Trade Stephanie Montgomery ECON 214-D11 LUO
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Running Head: International Trade 2 “In 2014, “the United States exported $2.34 trillion worth of goods and services—an all-time record. Exports from the United States in 2014 equaled the entire gross domestic product of Brazil and exceeded all commercial output in India, Italy, or Mexico. What is more, exports are an increasingly important aspect of the U.S. economy.” (New top markets series provides data, 2015) International trade is defined as the exchange of goods and services between contrives. With allowing international trade, this allows goods and services to be available all around the world for consumer to purchase and drives economic growth in the world. The United States is the world’s largest economy and the largest exporter and importer of goods and services. ( Exports are calculated by taking the total value of the exports and subtracting the imports of the final goods and services. The U.S. International trade market
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