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How old is the answer given for this question, because I have the same question (dated 4 Dec 12): "United States has absolute advantage over many...

How old is the answer given for this question, because I have the same question (dated 4 Dec 12): "United States has absolute advantage over many countries in production of most goods and services. Yet, the country is running the record trade deficit year after year. The current trade deficit is about six percent of the country’s GDP. Is it a problem? Why or why not?"

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Hi Please... View the full answer

8408512.doc

Trade deficit means that imports are more than exports. This is no bad as long as both risea deficit only tells us that imports are rising faster than exports. This is exactly what happens
in US....

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