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Re: Trade deficits are always detrimental to their nations’ GDPs.GenSeneca,GDP is a statistical description of what was the nation’s production of goods and services within the reported duration of time. If you acknowledge that the trade deficit was detrimental to the GDP, then what leads you to believe that it was not detrimental to the nation’s production of goods and services? Would you further argue that it somehow increased the nation’s production of goods and services?Respectfully, Supposn
Re: Trade deficits are always detrimental to their nations’ GDPs.
GenSeneca,
GDP is a statistical description of what was the nation’s production of goods and services within the reported duration of time. If you acknowledge that the trade deficit was detrimental to the GDP, then what leads you to believe that it was not detrimental to the nation’s production of goods and services?
Would you further argue that it somehow increased the nation’s production of goods and services?
Respectfully, Supposn
