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.

ECONOMICS 3
This is because exports are goods and services that leave the country yet money in the above
case never leaves the country(Appelbaum and Tankersley, 2018).
Many Nations have risen in terms of production and so United States is seen declining in
the number of its exports as other countries especially those in the East Asia say China and
Singapore produce their goods locally and export to other countries too. In the next 20 year,
United States will import more than it exports simply because many new exporter are coming up
for example, China.
(Ecclesiastes 11:1- 2), the bible encourages investment in foreign trade no matter where
and in turn, the investor should expect returns in form of profits. There are so many lucks in
making several investment.

ECONOMICS 4
References
Appelbaum. B and Tankersley. J. (2018). U.S. Oil Exports Are Rising. So Is the Trade
Deficit.Retrieved from: https://www.nytimes.com/2018/12/06/us/politics/us-oil-exports-
trade-deficit.html
Ecclesiastes (16:1-2.) Invest your money in foreign trade, and one of these days you will make a
profit. Put your investments in several places - many places even - because you never
know what kind of bad luck you are going to have in this world. Good News version.
Retrieved from: https://www.biblestudytools.com/gnta/ecclesiastes/passage/?
q=ecclesiastes+11:1-6
Mutikan. L, (2018). Rising exports push U.S. trade deficit to seven-month low. Retrieved from:
https://www.reuters.com/article/us-usa-economy-trade/rising-exports-push-u-s-trade-
deficit-to-seven-month-low-idUSKCN1J21IR
2 Kings 4:7.Then she came and told the man of God. And he said, "Go, sell the oil and pay your
debt, and you and your sons can live on the rest.