U.S. Trade Data From the U.S. Census Term Paper

Pages: 1 (376 words)  ·  Bibliography Sources: 1  ·  File: .docx  ·  Topic: Economics

¶ … U.S. trade data from the U.S. Census Bureau.

In the latest month, did the trade balance in goods and services improve (that is, yield a smaller deficit or larger surplus) or deteriorate?

The trade balance in goods and services for October 2007 deteriorated compared to September 2007. The deficit increased from $57.1 billion in September 2007 to $57.8 billion in October 2008 because imports increased more than exports. Exports increased to $141.7 billion in October from $140.4 billion in September while imports increased to $199.5 billion in October from $197.5 billion in September.

What was the relative trade strength of the United States compared to the rest of the world in goods or in services?

The United States' relative trade strength in goods decreased in October 2007 compared to September 2007 with the deficit rising from $65.8 billion to $66.8 billion for these two months. However, the United States' relative trade strength in services increased, with its surplus going up from $8.7 billion in September to $8.9 billion in October.Buy full Download Microsoft Word File paper
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In October 2007, the relative trade strength in goods of the United States weakened compared to… [END OF PREVIEW] . . . READ MORE

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