Quote:
Originally Posted by otatop
Cite?
Otatop, trade deficits crowd domestic produced products out of their domestic marketplaces. Thus, they reduce their nations' domestic production volumes. It’s that simple.
Has any creditable economist ever claimed otherwise?
Respectfully, Supposn
https://en.wikipedia.org/wiki/Balanc...tion's_GDP Trade balance’s effects upon a nation's GDP[edit]
Exports directly increase and imports directly reduce a nation's balance of trade (i.e. net exports). A trade surplus is a positive net balance of trade, and a trade deficit is a negative net balance of trade. Due to the balance of trade being explicitly added to the calculation of the nation's gross domestic product using the expenditure method of calculating gross domestic product (i.e. GDP), trade surpluses are contributions and trade deficits are "drags" upon their nation's GDP.[44][45][46] ...
... (45) ^ Staff, Investopedia (11 May 2010). "Expenditure Method". Retrieved 15 March 2018.
(46) ^ Analysis, US Department of Commerce, BEA, Bureau of Economic. "Bureau of Economic Analysis".
www.bea.gov. Retrieved 15 March 2018.
(47) ^ "gross domestic product - Definition & Formula". Retrieved 15 March 2018.