Question

Over the last two decades the surplus on U.S. services trade has typically been ________ the deficit on U.S. goods trade.

Name: over the last two decades the surplus on us services trade has typically been the deficit on us goods trade 20904
Uploaded: 2021-05-25T21:18:03-08:00
Duration: 26 s
Channel: Kaylee Mcclellan
Description: over the last two decades the surplus on us services trade has typically been the deficit on us goods trade 20904

          Over the last two decades the surplus on U.S. services trade has typically been ________ the deficit on U.S. goods trade.

Added by Felipe G.

Principles of Economics

Gregory Mankiw 8th Edition

Instant Answer

Solved by Expert Kaylee Mcclellan

05/25/2021

Step 1

A surplus in trade occurs when a country exports more goods or services than it imports, resulting in a positive balance. A deficit in trade occurs when a country imports more goods or services than it exports, resulting in a negative balance. Show more…

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