US Trade Deficit

*Explain what the US Trade Deficit is.
-->The US Trade Deficit is the difference between the cost of imports and the sales of exports.

*Why did it go down in December 2007?
-->In five years the US Trade Deficit went down because of the foreign imports.


*What does the value of the US dollar have to do with the trade deficit
falling?
Due to the fact that the value of the US dollar decreased.

*Why do you think that a large trade deficit is bad for the economy? In other
words: why is it bad to import more goods than you export?

This is bad for the economy because since we depend on the exporting goods. When we import we waste more money then export.