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book Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn cover

Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn

Edition 20ISBN: 978-0077660772
book Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn cover

Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn

Edition 20ISBN: 978-0077660772
Exercise 28
"Exports pay for imports. Yet in 2012 the nations of the world exported about $540 billion more of goods and services to the United States than they imported from the United States." Resolve the apparent inconsistency of these two statements.
Explanation
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To say that exports pay for imports is n...

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Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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