China-1 Flashcards
Dollar amount of US exports to china
$100 B
Dollar amount of Chinese imports from the US
$100 B
Dollar amount of US imports from China
$391 B
Dollar amount of Chinese exports to the US
$391 B
The difference between the dollar value of the countries exports and the dollar value of the country’s imports.
Trade deficit/ surplus
US-China trade deficit
-$291 B
China-US trade surplus
+$291 B
Formula for a trade deficit/surplus
Exports-imports
A good or service that goes out of the country
Export
Be good or service that comes into a country
Imports
US-China trade deficit 2011
$295 B
US-China Trade Deficit 2010
$273B
US-China Trade Deficit 2009
$226 B
US-China Trade Deficit 2008
$268 B
US-China Trade Deficit 2007
$256.2 B
US-China Trade Deficit 2006
$232.6 B
The decrease in the US-China trade deficit between years 2008 – 2009
$42 B
Caused the $42 B decrease in 2008-2009
Mortgage crisis
Fraction of people in the world wearing a Nike shoe
1/3
Used to be number one before Nike
Adidas
North American Free Trade Agreement
NAFTA
Countries involved in NAFTA
Canada, US, and Mexico
Year NAFTA was passed
1993
President that was behind NAFTA
Bill Clinton
