Worth of goods and services

Reference no: EM13854821

In 2014, "the United States exported $2.34 trillion worth of goods and services-an all-time record. Exports from the United States in 2014 equaled the entire gross domestic product of Brazil and exceeded all commercial output in India, Italy, or Mexico. What is more, exports are an increasingly important aspect of the U.S. economy." (New top markets series provides data, 2015)

In this threaded discussion, complete the following

1) Discuss economic theory related to the quote above. Be sure to include a definition of exports and the way in which exports are counted in the measurement of Gross Domestic Product (GDP) within your discussion.

2) Locate and incorporate outside research that gives evidence and explanation as to the possible causes of this growth in exports. Provide an example of one particular industry or country with which export quantity has increased.

3) - Integrate biblical insights into your discussion board thread. In what way does scripture influence our attitudes and actions in international trade?

Reference no: EM13854821

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