Week-8 Written Econ

Week 8 Written Assignment - The Trade Deficit

Research and analyze the US trade deficit. Answer the following questions.

· How large is the US trade deficit (relative to GDP)? 4 Points

· How has the trade deficit changed recently? Why? 4 Points

· Do you expect this trend to continue? 4 Points

· Is this trade deficit a bad thing or a good thing, and why? 4 Points

· Describe what would happen if we implemented more trade protection (tariffs, quotas, VERs) 4 Points

GDP data is available from the Bureau of Economic Analysis: http://www.bea.gov/national/index.htm#gdp

Note: Assignment must be in expository essay form, comply with APA style formatting, be 3-7 pages long (not counting cover and references pages), and in MS Word.

Provide a solid Intro and Conclusion, check work, spelling, and grammar. Support findings and opinions with citations, APA 6th. Look through the lens of the current world situation.

Reference:

Text: The Macro Economy Today Author: Schiller, B. Publisher: McGraw-Hill Ed/Year: 13th/2013 ISBN: 9780077416478