balance of trade

  1. S

    Credible economists do not refute annual trade deficits detrimental effects upon their nation's GDP.

    Credible economists do not refute annual trade deficits detrimental effects upon their nation's GDP. To the extent that USA products were “crowded out” of marketplaces by foreign goods, effectively due to USA's chronic annual trade deficits, our nation's GDPs were less than otherwise. A...