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To: Paul Ross
Correction:

it inecreases the absolute amount of the Net Exports number and makes it less negative.

530 posted on 03/17/2006 12:30:03 PM PST by LowCountryJoe (I'm a Paleo-liberal: I believe in freedom; am socially independent and a borderline fiscal anarchist)
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To: LowCountryJoe
Wrong.

Allow me to correct your correction. A negative NX means that it (net exports is negative, i.e., in the red) is a reduction from GDP Imports...it is subtracted from the GDP. Manciwics...your source...concludes as an axiomatic matter...that trade deficits are not a 'win' for the economy. The imports are subtracted from GDP. Adversely effecting savings of capital. Etc. They are a loss.

533 posted on 03/17/2006 12:54:59 PM PST by Paul Ross (Hitting bullets with bullets successfully for 35 years!)
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