The balance of trade numbers, by the way, represent a very incomplete picture of trade. They attempt to measure merchandise only, but traders exchange many other things, too. If a Canadian businessman sells Americans lumber, he earns dollars but he doesn’t have to buy merchandise with them. He might instead invest in real estate, purchase securities (government or private), or contract for certain services. Those things don’t get counted in the balance of trade.
Posted on: Wed, 24 Sep 2014 18:31:02 +0000
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