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That's a little flattened because oftentimes that $1 will go across the border in exchange for ownership of foreign assets.
by whatshisface 2y ago
That's a little flattened because oftentimes that $1 will go across the border in exchange for ownership of foreign assets.
- s1artibartfast 2y agoYes, but the principle is the same for how a perpetual deficit can be maintained. A subsistence farmer can grow enough for themselves. It they make extra each year, they can buy something from outside each year, continually running an import deficit.