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It's the value of production within the physical borders of the United States, so therefore if you have, hypothetically, exports that are flat and higher imports, then your trade deficit is rising. In that sense, a rising trade deficit subtracts from GDP, when you have highly fluctuating commodity prices, and especially in periods of high inflation in general, then it can be misleading and, in my opinion, paint an overly negative view of where The US economy is.

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CNN 2 years ago
Jacob Kirkegaard

Jacob Kirkegaard

Jacob Kirkegaard is a composer.

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    "Jacob Kirkegaard Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 23 Dec. 2024. <https://www.quotes.net/citizen-quote/467399>.

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