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    #1

    Manhattan Island, Park Avenue

    Please clarify the following in red.

    International transactions are always in balance, by definition ... for every buyer there is a seller. But different items in the great circle carry different labels. ... The mystery is why we even collect these figures; if we kept similar statistics for Manhattan Island, Park Avenue would lie awake at night worrying about its trade deficit.

    I can translate the above literally, but I'm confused about what it's trying to say.

    Thank you.

  1. Barb_D's Avatar
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    #2

    Re: Manhattan Island, Park Avenue

    The writer is suggesting that if you narrow your definition enough, any area will have a "trade deficit." People living on Park Avenue in Manhattan buy and buy and buy, but don't "sell" so you'd see a trade deficit.
    I'm not a teacher, but I write for a living. Please don't ask me about 2nd conditionals, but I'm a safe bet for what reads well in (American) English.

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    #3

    Re: Manhattan Island, Park Avenue

    Quote Originally Posted by Barb_D View Post
    The writer is suggesting that if you narrow your definition enough, any area will have a "trade deficit." People living on Park Avenue in Manhattan buy and buy and buy, but don't "sell" so you'd see a trade deficit.
    Please check if I understand the above correctly.

    "The mystery is why we even collect these figures(numbers) concerning trade deficits. You don't have to worry about the figures. All of us record trade deficits in daily life because we almost always buy something at all kinds of stores but don't sell anything. But no one gets upset about it. If some statistics show Now York City is running a trade deficit, people living in the city would worry about it. But it's a useless worry."

    Is this OK?

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