QUESTION 2: WHAT IS THE DIFFERENCE BETWEEN BALANCE OF PAYMENTS AND BALANCE OF TRADE?DIRECTIONS: ANALYZE THE FOLLOWING SOURCES AND COMPLETE THE TASKS THAT FOLLOW
Read and take notes on the following sources discussing trade deficits, balance of payments, and balance of trade. When you are finished, you should be able to discuss these topics and complete the tasks that follow.
Source 1: China Trade Deficit Comes Back to the US
Source 2: Imports, Exports, and Exchange Rates- Youtube video
Source 3: Is the US Trade Deficit a Problem?
Source 4: Balance of Trade and Balance of Payments
TASK 1:
Below you have a two part activity that has an introduction you should read that will help you complete Part A and Part B. This is included in your packet.
Balance of Payments Task 1
Download File
TASK 2:
Briefly compare and contrast balance of trade and balance of payments by defining and explaining the similarities and differences between the two concepts. Make sure you use key vocabulary (appropriately). Write 2-3 paragraphs in your packet under Question 2 - Task 2.
Read and take notes on the following sources discussing trade deficits, balance of payments, and balance of trade. When you are finished, you should be able to discuss these topics and complete the tasks that follow.
Source 1: China Trade Deficit Comes Back to the US
Source 2: Imports, Exports, and Exchange Rates- Youtube video
Source 3: Is the US Trade Deficit a Problem?
Source 4: Balance of Trade and Balance of Payments
TASK 1:
Below you have a two part activity that has an introduction you should read that will help you complete Part A and Part B. This is included in your packet.
Balance of Payments Task 1
Download File
TASK 2:
Briefly compare and contrast balance of trade and balance of payments by defining and explaining the similarities and differences between the two concepts. Make sure you use key vocabulary (appropriately). Write 2-3 paragraphs in your packet under Question 2 - Task 2.