[lbo-talk] Bernanke

[Michael Perelman]

Isn't it difficult to separate out goods & services?  A good may have incorporated 
design from S. Korea or outsourced work to India.  Those activities may show
up as imported services and part of exported goods.

On Sat, Sep 15, 2007 at 03:06:16PM -0400, Doug Henwood wrote:
> 
> Goods exports for the U.S. are about 2.5 times service exports. The  
> U.S. has a substantial surplus on services exports, but it's small  
> beer next to the goods deficit (goods def is about 6.6% of GDP, vs.  
> +0.5% surplus on svc).
> 

-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com