Trade and Scale Variables

Some scale variables:

• U.S. monthly GDP: $1 trillion
  • Monthly goods and services exports: $130 billion = 13%
  • Monthly goods and services imports: $185 billion = 18.5%
  • Balancing item: net capital flow: $55 billion = 5.5%
    • Storing up purchasing power for the future
    • Private political risk insurance
    • Public development aid
    • Public political risk insurance
• U.S. GDP per worker: $84,000 per year
  • Exports of $10,900 per year
  • Imports of $15,500 per year