U.S. 2018 Trade Gap Widens to Highest Point Since 2008 at $621 Billion

The video discusses the historical context of oil imports and the trade deficit, highlighting its impact on the economy and the importance of trade resolution for global and US growth. It examines the effects of trade uncertainty on investment and economic confidence, and analyzes business investment relative to GDP.

What has been a significant change in the US economy regarding oil imports over the past decade?

• The US has stopped importing oil altogether.

• The US imports the same amount of oil as a decade ago.

• The US has increased oil imports significantly.

• The US is importing less oil than before.

Why is resolving trade issues considered crucial for economic growth?

• It will reduce fiscal spending.

• It will decrease the stock market value.

• It will increase oil imports.

• It will boost business confidence and investment.

What is one reason businesses might delay investments during trade uncertainties?

• They are unsure about future trade rules.

• They are planning to increase stockpiling.

• They are expecting a decrease in fiscal spending.

• They are waiting for oil prices to drop.

How did exports and imports change last year, and what might this indicate?

• Exports increased by 6%, and imports increased by 7.5%, possibly due to stockpiling.

• Both exports and imports decreased, indicating a recession.

• Exports decreased, and imports remained the same, indicating stability.

• Exports remained the same, and imports increased, indicating a stronger dollar.

What is the current perception of business investment in the US relative to GDP?

• Business investment is at an all-time low.

• Business investment is not significant for GDP growth.

• Business investment is declining rapidly.

• Business investment is quite high relative to GDP.