Number: RS21409
Title: The Budget Deficit and the Trade Deficit: What Is Their Relationship?
Authors: Marc Labonte and Gail Makinen, Government and Finance Division 
Abstract: The experience during both the 1980s and 1990s demonstrates that a large and growing trade deficit need not be an impediment to overall job creation even though it may have had an effect on the type of jobs that were created since it affected the composition of U.S. output.
Pages: 6
Date: August 26, 2008