How to achieve the goal of doubling exports

Reference no: EM13175668

In March 2010, President Obama announced an initiative to double the U.S. exports by 2015. You work for the U.S. Chamber of Commerce, and your colleague has written a position paper and asked you to proof read it. In that report, she concludes; "in 2009, the U.S. exports were $1.571 billion and imports were $1.946 billion, with a resulting trade deficit of $375 million. With the doubling of exports to $3 billion, the U.S. trade balance will turn from the deficit to a surplus of $1 billion (= $3 billion - $1.95 billion) by 2015."

Comment on the conclusion reached by your colleague.

What policy actions can U.S. government take achieve the goal of doubling exports?
How will increasing exports affect U.S. GDP and exchange rates?

Reference no: EM13175668

Questions Cloud

Calculate how much will the profit or loss : Refer to the above data. If the product price is $55 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations.

State specify the electron paor geometries : Draw the Lewis Structure, and then specify the electron paor geometries for each of the following molecules or ions. Identify the hybridization of the central atom.

Compute the ph of the system that will generate a cell : Which side of the reaction (reactants or products or neither) is favored structurally? (f) Calculate the pH of the system that will generate a cell potential, ?E, of + 0.157 V when the ratio [Fe-S(Fe2+)]/[Fe-S(Fe3+)] = 2.25, [CoQ] = 8.17 x 10-4M, ..

State and draw a lewis structure of the molecule : draw a lewis structure of the molecule and indicate the number of bonds and orbitals used in bonding. Show electron configurations of the central bonding atom in both the unhybridized and hybridized states.

How to achieve the goal of doubling exports : Chamber of Commerce, and your colleague has written a position paper and asked you to proof read it. In that report, she concludes; "in 2009, the U.S. exports were $1.571 billion and imports were $1.946 billion, with a resulting trade deficit of $..

Calculate the arc cross-elasticity : Suppose the price of product B increases to 3. What happens to quantity demanded of both products?b. Calculate the arc cross-elasticity between product A and product B using prices for product B of 2 and 3. c. Are these goods substitutes or complemen..

Explain domestic-currency price : on what does the domestic currency price of a nation's imports depend? what would happen to the domestic-currency price of a nation's imports increases and the nation's currency depreciates?

Determine how much tax revenue is generated by the tax : Determine how much tax revenue is generated by the tax and what the tax incidence on tax is on consumers and producers. need to indicate new price points and quantities.

The internal energy from translations for an ideal monatomic : What is the contribution to the internal energy from translations for an ideal monatomic gas confined to move on a surface?

User Account

All Pages