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    GDP calculator

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    The US is currently running an $800 Billion trade deficit. Is this necessarily bad for the economy? Hint: use the GDP calculation, GDP= C + G+ Ig + Xn. Remember Xn is net exports (it's negative when there is a deficit like we have now).

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    Solution Preview

    GDP calculator

    The US is currently running an $800 Billion trade deficit. Is this necessarily bad for the economy? Hint: use the GDP calculation, GDP= C + G+ Ig + Xn. Remember Xn is net exports ...

    Solution Summary

    This solution is comprised of a detailed explanation to answer whether the trade deficit of US is necessarily bad for the economy.

    $2.19