Question

In recent years, the United States has quizlet

Answer 1

In recent years, the United States has been known to export more of its services abroad than it has imported due to its experienced workforce and industrialization.

What is Export?

These are the goods  and services which are sold to another country in exchange of money and its equivalents and is regarded as one of the determinants of the value of the gross domestic product of countries.

High technological advancement which led to the increase in industries etc in the United States has led to an increase in goods production which are sufficient enough to cater for the people. This is the why the excess is usually sold to other countries. The more exports a country has, the more revenue it generates to cater for other departments.

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