China-1 Flashcards
Dollar amount of US exports to china
$100 B
Dollar amount of Chinese imports from the US
$100 B
Dollar amount of US imports from China
$391 B
Dollar amount of Chinese exports to the US
$391 B
The difference between the dollar value of the countries exports and the dollar value of the country’s imports.
Trade deficit/ surplus
US-China trade deficit
-$291 B
China-US trade surplus
+$291 B
Formula for a trade deficit/surplus
Exports-imports
A good or service that goes out of the country
Export
Be good or service that comes into a country
Imports
US-China trade deficit 2011
$295 B
US-China Trade Deficit 2010
$273B
US-China Trade Deficit 2009
$226 B
US-China Trade Deficit 2008
$268 B
US-China Trade Deficit 2007
$256.2 B
US-China Trade Deficit 2006
$232.6 B
The decrease in the US-China trade deficit between years 2008 – 2009
$42 B
Caused the $42 B decrease in 2008-2009
Mortgage crisis
Fraction of people in the world wearing a Nike shoe
1/3
Used to be number one before Nike
Adidas
North American Free Trade Agreement
NAFTA