Blaze@feddit.nl to Buy European@feddit.ukEnglish · 3 months agoEconomists, is this trade balance analysis correct?europe.pubimagemessage-square41linkfedilinkarrow-up1565arrow-down15file-textcross-posted to: [email protected][email protected]
arrow-up1560arrow-down1imageEconomists, is this trade balance analysis correct?europe.pubBlaze@feddit.nl to Buy European@feddit.ukEnglish · 3 months agomessage-square41linkfedilinkfile-textcross-posted to: [email protected][email protected]
minus-squaredavesmith@feddit.uklinkfedilinkEnglisharrow-up41arrow-down1·edit-23 months agodeleted by creator
minus-squareJustin@lemmy.jlh.namelinkfedilinkarrow-up1arrow-down2·3 months agoyes, but that’s caused by an excessive trade deficit. A slight trade deficit when you’re the world’s reserve currency is ideal.
minus-squareBrowseMan@sh.itjust.workslinkfedilinkarrow-up2·3 months ago“trade deficit” is a completly wrong expression. Why? Because it only count goods and not services. Services which, for a developed economy, are generaly above goods in part of GDP. https://www.bea.gov/data/gdp/gdp-industry
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yes, but that’s caused by an excessive trade deficit. A slight trade deficit when you’re the world’s reserve currency is ideal.
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“trade deficit” is a completly wrong expression.
Why? Because it only count goods and not services. Services which, for a developed economy, are generaly above goods in part of GDP.
https://www.bea.gov/data/gdp/gdp-industry