annual trade deficits are always net detrimental to their nations GDP, drag upon their numbers of jobs and payroll amounts.
Not always true. All else being equal, if you import a billion dollars worth of raw materials and you use those raw materials to produce 2 billion dollars of some product, then that trade deficit is NOT detrimental. In fact, it would positive to GDP, you would be creating new jobs and greater payrolls.
Task0778, regardless of the nation's annual amounts spent for final sales of goods or service products, if the nation experienced an annual trade deficit, that deficit reduced the nation GDP more than otherwise; (otherwise being if it had not experienced an annual trade deficit).
Respectfully, Supposn
Respectfully, Supposn