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What is the total amount of money a country makes in a year known as?
Wiki User
∙ 14y ago
Gross Domestic Product (GDP)
Wiki User
∙ 14y ago
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How would you define the balance of payments in international trade?
The balance of payments is an accounting record of the difference between the amount of money that a country receives (known as inpayments) and the amount of money that it pays out (known as outpayments).
How does the UK as a country make money?
A country makes money by selling resources and collecting taxes.
What is the difference between tariff and quota?
Tariffs are taxes, or the amount of money a country needs to pay for trading products. Quotas are the limitations on what is traded, how much is traded, how much is paid for each product traded,and where its traded. Tariffs are more beneficial to a country's economy because the amount of money paid for their products raises their country's GDP. Quotas aren't because they put limits on how much is paid, and that is what makes GDPs neutral.
What are the Disadvantages of foreign aid to developing countries?
A disadvantage of foreign aid to a developing country might be the amount of money used for foreign aid when domestic aid is needed. It can be known up front if the aid will benefit the developing country.
Price of one country's currency in terms of another country's currency?
Exchange rate is the term that defines how much of country A's money you could buy with a set amount of country B's money.
Which European country makes the least amount of money per year?
romania
What is the difference between inpayments and outpayments?
The balance of payments is an accounting record of the difference between the amount of money that a country receives (known as inpayments) and the amount of money that it pays out (known as outpayments).
How would you define the balance of payments in international trade?
The balance of payments is an accounting record of the difference between the amount of money that a country receives (known as inpayments) and the amount of money that it pays out (known as outpayments).
The amount of money you borrowed is called the what?
The original amount of money borrowed is known as the principal.
What refers to the original amount of money borrowed?
The original amount of money borrowed is known as the principal.
How much does jenna keys get a week?
Jenna Keys is an athlete. The amount of money that she makes per week is not known publicly but she loves soccer.
How does the UK as a country make money?
A country makes money by selling resources and collecting taxes.
What is the amount of money a florist makes in a year?
Florist makes an average of $13440.
What makes a country make money?
export
What makes a good money?
A country's mint.
How much money does a Honda make in a year?
The amount of money that any salesman (or saleswoman) makes depends entirely upon the amount of sales that he or she makes. Some do extremely well.
How much Dylan dreyer make?
The exact amount of money that Dylan Dreyer makes is not known. Most meteorologists in the U.S. average $50,000 per year.
