One reason so many people focus on the trade deficit is that if we import more, equilibrium income will rise, ceteris paribus.

Name: One reason so many people focus on the trade deficit is that if we import more, equilibrium income will rise, ceteris paribus.
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A trade deficit, where imports exceed exports, typically leads to a decrease in equilibrium income because it represents an outflow of domestic currency to foreign markets, reducing the overall demand for domestically produced goods and services.

One Reason So Many People Focus on the Trade Deficit