Explain the connection between the trade deficit and the U.S. economy?

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asked Nov 27, 2021 82.8k views

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Fig · Answer 1 · 2021-12-03T20:23:46+0000

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Some analysts argue that the trade deficit equates to a net loss of jobs in the economy by implying that domestic production could be substituted for imports, which potentially could boost both production and jobs in the U.S. economy.

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Explain the connection between the trade deficit and the U.S. economy?

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