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How Big is the U.S. Trade Deficit? (animated gif)

HOW BIG IS THE US. TRADE DEFICIT? GOODS & SERVICES: IN OUT What is a trade deficit? "We must always take heed that we buy no more from strangers A trade deficit means that a country imports (consumes) a higher value of goods & services than it exports (produces). This is comparable to spending more money than than we sell them, for so should you've earned. we impoverish ourselves and enrich them. " -Discourse of the Common Wwealth of this Realm of England, 1549 MORE IMPORTS THAN EXPORTS THE CURRENT U.S. TRADE DEFICIT IS: $05 MILLION WHAT DOES Let's use a $100 bill for comparison: $42 BILLION DOLLARS LOOK LIKE? 100 $ 100 2.6" 6.14" 0043" THICKNESS 54" The average 358 ft. American 3.6ft. $1 BILLION height YOU $1 MILLION (Stack of 1 Million bills) (Stack of 10,000 bills) 00,128 ft. $42 BILLION (Stack of 42 Million bills) For a more meaningful comparison, let's split that into 4 stacks worth $10.5 Billion each. 3,762 ft. $42 Billion (4 stacks of 10.5 Million bills) 2,723 ft. Burj Khalifa Dubai, United Arab Emirates 1,776 ft. Freedom Tower New York City, U.S. 1,250 ft. Empire State Building New York City, U.S. 305 ft. Statue of LIberty New York City, U.S. Laid end to end, these bills would easily stretch from coast to coast (Augusta, Maine to Los Angeles, That many $100 dollar bills could cover 81 American football fields. California is about 3,300 miles). U.S. trade partner snapshot DEFICIT SURPLUS IMPORTS > EXPORTS IMPORTS < EXPORTS China Mexico Japan Netherlands Hong Kong Arab Emirates $103.1 Billion $21.2 Billion $18 Billion $8.7 Billion $8 Billion $5.7 Billion Germany Ireland Canada Australia Belgium Singapore $3 Billion $11.5 Billion $10.6 Billion $8.6 Billion $5.3 Billion $4.6 Billion Venezuela Italy Russia Panama Turkey Chile $7.1 Billion $6.6 Billion $6.1 Billion $1.8 Billion $1.6 Billion $1 Billion Presented by: Sources http://www.census.gov/indicator/www/ustrade.html http://en.wikipedia.org/wiki/Balance_of trade Capcredit.com Bad Credit - No Credit - No Problem TM

How Big is the U.S. Trade Deficit? (animated gif)

shared by Jake ONeal on Sep 26
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Sometimes big numbers are better understood visually. Here, we weigh the sheer size of the U.S. trade deficit with the dimensions of the $100 bill. Hint: the deficit stack is over 15,000 ft. tall! ...

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Jacob O'Neal

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Economy
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