fraction of GDP, we calculate what would have been the hypothetical Danish expenditures to the four areas and then compare …

Denmark. The trade balance does not exhibit a deficit of this order of magnitude but comparison of the bloktilskud and the … deficit is difficult as official figures are available for the merchandise trade only. Figures for services are missing …. However, guesses about the size of a deficit in the services’ trade do not easily discard the impression of a large surplus on …