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Effectus [21]
3 years ago
10

What was the reason behind the trade deflict

Social Studies
1 answer:
maksim [4K]3 years ago
5 0

Answer:

The fundamental cause of a trade deficit is an imbalance between a country's savings and investment rates. As Harvard's Martin Feldstein explains, the reason for the deficit can be boiled down to the United States as a whole spending more money than it makes, which results in a current account deficit

Explanation:

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