Imports and trade deficits.
Imports and trade deficits.
GenSeneca, trade deficits are deducted from a nation’s expenditures for goods and services not because (as you suggested), to prevent their being counted twice.
They're deducted to entirterly prevent them from being counted.
Imports as they enter the nation have contributed nothing to the nations’ GDPs. (After entering the nation they are economically benign; they ADDITIONALLY contribute no more or less than similar products after reaching their domestic producers’ shipping platforms).
Due to choices of purchasing foreign rather than domestic products, the nation’s GDP is less than otherwise. The nation has denied itself of greater than otherwise GDP. Those benefits fully contributed to the GDPs of the import products’ producing nations.
This is true regardless of the benefits to the purchasing entities. Individuals and their societies best interests more often do coincide but there are many practices and agreements that are illegal within our nation because (although they’re to the advantage of the principle entities), they’ve been deemed contrary to our societies’ best interests).
Similar to the reasons for generally understated trade surplus’s contributions to their nations’ GDP, trade deficits’ are ALWAYS detrimental to their nations’ GDPs and those detriments are generally understated.
Respectfully, Supposn
