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Extra resources for A Do-it-yourself Guide To Energy Star Home Sealing - Sealing Air Leaks And Adding Attic Insulation
No. 2 trillion in 2006, about twice that for the country with the next highest level, Germany. • No. 2 in exports of goods, $1 trillion in 2006, behind only Germany, although China is predicted to surpass the United States in 2007. No. 1 in exports of services, $422 billion in 2006. • No. 3 billion in 2006, many times that of any other country. • No. 2 in maritime container traffic in 2006, behind only China. • No. 1 in external debt, estimated at more than $10 trillion mid-2006. 36 • No. 5 trillion in 2006.
Assets. S. 8 trillion in 2005. S. investors earned on their assets abroad. S. consumption, which drives foreign export-led growth. S. economy? On the Move E conomic expansions don’t go on forever, of course. S. economy has gone through 32 cycles of expansion and contraction. In modern times, the expansions have become longer and the contractions shorter on average: In the 10 cycles 1945-2001, expansions averaged 57 months, contractions 10 months; during all 32 cycles, by comparison, expansions averaged 38 months, contractions 17 months.
State governments promote exports of their industries. S. S. companies from unfair foreign competition. Governments provide certain services — such as national defense, administration of justice, education, environmental protection, road construction, space exploration — for which they are viewed as better suited than private businesses. Governments take care of needs beyond the reach of market forces. They provide insurance payments to people who lose their jobs and low-cost loans to people who lose their homes in natural disasters.