Handout: U.S. International Trade and Scale Variables
Some scale variables:
- U.S. monthly GDP: $1 trillion
- Monthly goods and services exports: $130 billion = 13%
- Monthly goods and services imports: $185 billion = 18.5%
- Balancing item: net capital flow: $55 billion = 5.5%
- Storing up purchasing power for the future
- Private political risk insurance
- Public development aid
- Public political risk insurance
- U.S. GDP per worker: $84,000 per year
- Exports of $10,900 per year
- Imports of $15,500 per year
