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Cornelius Patrick
Social Studies
15 May, 17:17
What was the reason behind the trade deflict
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Max Morgan
15 May, 17:29
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The fundamental cause of a trade deficit is an imbalance between a country's savings and investment rates. As Harvard's Martin Feldstein explains, the reason for the deficit can be boiled down to the United States as a whole spending more money than it makes, which results in a current account deficit
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