What are the effects on U.S. imports and exports when the U.S. experiences economic growth stronger than its major trading partners

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03-07-2021
Business

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What are the effects on U.S. imports and exports when the U.S. experiences economic growth stronger than its major trading partners

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PiaDeveauidn PiaDeveauidn · Answer 1 · 2021-07-09T14:15:01-04:00

PiaDeveauidn PiaDeveauidn

09-07-2021

Answer:

Imports will increase

Explanation:

Exports provide money into the system, increasing the GDP of the exporting country. If a country imports items, it does so from outside manufacturers. The money that is spent on imports departs the economy, lowering the GDP of the importing country.

Imports will rise if the United States' economic growth outpaces that of its main trade partners.

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