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In March 2010, President Obama announced an initiative to double the U.S. exports by 2015.

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Question

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 could the U.S. government do to achieve the goal of doubling exports?

 

Paper#15670 | Written in 18-Jul-2015

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