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If the value of imports for the current year is 3 billion and the value of exports is 8 billion what effect will this have on the country and trade balance?
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What is balance of trade?
Balance of trade is the relationship between a country's exports and imports. There is a trade surplus when a country's exports exceed its imports, and there is a trade deficit when a country's imports exceed its exports.
Balance of trade?
The difference between the value of imports and exports of a country is the balance of trade. It is a country's largest component of balance of payments.
Define current account?
Current account is defined as the sum of the balance of trade, net current transfers, and net income from abroad. The balance of trade is services and goods exports less imports.
How differ the balance of trade from the balance of payments?
The Balance of Payments (BoP) is comprised of the Current Account, as well of the Capital and Financial Account. Within the Current Account, one will find a subcategory called Goods. The Balance of Trade is a term used to show the difference between Imports (IM) and Exports (X) within the Goods Category. This is also known as Net Exports.
Import export balance of trade?
Import-export balance of trade as captured in the Balance of Trade, is an economic measure of the country's imports ad exports, and their relationship.
What is balance of trade?
Balance of trade is the relationship between a country's exports and imports. There is a trade surplus when a country's exports exceed its imports, and there is a trade deficit when a country's imports exceed its exports.
Balance of trade?
The difference between the value of imports and exports of a country is the balance of trade. It is a country's largest component of balance of payments.
The difference between a country's merchandise exports and its merchandise imports?
balance of trade
This is the difference in the monetary value of exports and imports for a country?
Balance of Trade
What is a favorable balance trade?
it is the relationship between a country's imports and exports ;)
When a country's balance of payment is set to in equilibrium?
When imports and exports are the same
Define current account?
Current account is defined as the sum of the balance of trade, net current transfers, and net income from abroad. The balance of trade is services and goods exports less imports.
What is when a country's imports exceed it's exports?
If a country's export exceeds the import then the balance of trade is unfavorable.
How differ the balance of trade from the balance of payments?
The Balance of Payments (BoP) is comprised of the Current Account, as well of the Capital and Financial Account. Within the Current Account, one will find a subcategory called Goods. The Balance of Trade is a term used to show the difference between Imports (IM) and Exports (X) within the Goods Category. This is also known as Net Exports.
Import export balance of trade?
Import-export balance of trade as captured in the Balance of Trade, is an economic measure of the country's imports ad exports, and their relationship.
Favorable balance of trade?
Country exports more than their total imports per capita
What is defined as the difference in value of a country's exports and imports over a period of time?
Balance of trade
