Assignment about Principles of Macroeconomy

Running Head: ECONOMICS 1
Principles of Macroeconomics
Student’s Name
Institutional Affliation
Date

ECONOMICS 2
Reply to explanations of increase in the United States Exports.
Sarah
United States of America opened up to the world market in 1934 and this has greatly led
to the prosperity of Americans. With reference to the statistics made by Peterson Institute for
International Economics, it is revealed that the real incomes of American have increased 9% due
to introduction of trade liberalization (Mutikan, 2018).
To United States, the 9% increase implies $1.5 trillion addition to the income of
Americans. U.S holds the 3rd position in major exporters all over the globe as researched by the
Economic Complexity Index. However, in the next 20 years United States may not be the best
exporter since the resources will have been exploited and other rising exporters like China and
Japan will take over and so some of the causes in your post will have to change say the
production of oil.
(2nd kings 4:7)talks about selling the oil and paying of debts. This applies for United
Stated since its currently trading in a deficit.
Klein
The amount of goods and services in the United States has tremendously increased more
so internet services. The country is well known as the best exporter of internet services say
financial services. Architects are exported by American though they are considered minor
(Appelbaum and Tankersley, 2018). Many foreigners visit United States and the income brought
in the country contributes to the development of the country and so it’s an import not an export.