The Big Increase in the U

question 44

Short Answer

The big increase in the U.S.trade deficit in the mid-1970s was mainly due to __________.

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Definitions:

Equity Interest

Ownership interest in a company, usually in the form of stocks, representing a share of the earnings and assets of the business.

Cash Dividend

A payment made by a corporation to its shareholders, usually in the form of cash.

Net Income

The profit a company retains after all financial obligations, like costs and taxes, are subtracted from its total income.

Cost Method

An accounting method used to value inventory or investments at their original purchase cost.