Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue

Exercise 3

TRADE BALANCES WITH PARTNER COUNTRIES The U.S. Census Bureau, at www.census.gov/foreign-trade/statistics , lists the top trading partners of the United States (imports and exports added together) as well as the top 10 countries with which the United States has a trade surplus and a trade deficit. Using the current year-to-date data, compare the top 10 deficit and surplus countries with the top 10 trading partners. Are deficit and surplus countries equally represented in the top 10 trading partners list, or does one group dominate the list The top 10 trading partners represent what percent of U.S. imports and what percent of U.S. exports