Examine the chart of
U.S. net export expenditures. Compare this with the chart of the
U.S. unemployment rate.
(Both charts are provided by
Economagic.com.)
Questions- Describe the general pattern of the U.S. net export expenditure series. When was the level of net exports highest?
- Does the unemployment rate series display a similar pattern?
- Is there any reason to expect that falling unemployment might be accompanied by a lower level of net exports (and a larger trade deficit
