Global Economy and Policy: Insights into Trade, Balance of Payments, and Foreign Exchange Markets
Discover key insights into the global economy and policy, including trade trends, balance of payments data, and foreign exchange market dynamics. Explore figures and tables showcasing trade percentages, top purchasers of goods, leakages and injections in macroeconomic models, and more, providing a comprehensive overview of the interconnected global economic landscape.
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Presentation Transcript
Chapter 14 The Global Economy and Policy
Figure 14.1 Trade Expressed as a Percentage of Production, World and United States, 1960-2015 Source: World Development Indicators, World Bank, 2016. Note: Since this measure includes both imports and exports, it does not mean that over 50 percent of all produced goods and services in the world are traded it counts the same goods both as exports from one country and imports to another.
Figure 14.2 Top Purchasers of Goods from the United States and Suppliers of Goods to the United States, 2015 Source: U.S. Census Bureau, Foreign Trade Statistics, Top Trading Partners, 2015.
Figure 14.3 Leakages and Injections in a Complete Macroeconomic Model
Table 14.1a U.S. Balance of Payments Account, 2016 (billions of dollars)
Table 14.1b U.S. Balance of Payments Account, 2016 (billions of dollars)
Figure 14.6 U.S. Imports and Exports of Goods and Services, 1960-2016 Source: BEA NIPA Tables 4.1 and 1.1.5.
