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Is high unemployment one problem that may result when a nation imports more than it exports?
Wiki User
∙ 10y ago
Yes it is an issue. The finace gained from over seas trade is vital as the GDP (Gross domestic Product) requires exports to boost cash flow
GDP = C + G + I + NX
where:
"C" is equal to all private consumption, or consumer spending, in a nation's economy
"G" is the sum of government spending
"I" is the sum of all the country's businesses spending on capital
"NX" is the nation's total net exports, calculated as total exports minus total imports. (NX = Exports - Imports)
Wiki User
∙ 10y ago
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Is falling government revenues one problem that may result when a nation imports more than it exports?
no
Nation's imports and its exports is referred to as?
Net exports or the balance of trade.
When the value of a nation imports exceeds the value of that nations exports the nation is said to have?
When nation's value of imports exceeds the value of its exports, it can be said that the nation has a trade deficit.
What is the term used by economist to describe where a nation exports more than it imports?
The country's net exports are positive(net exports being exports minus imports)
A problem that may result when a nation imports more than it exports is?
An imbalance between imports and exports occurs. It could mean a country is unable to cover the cost of importing, until money coming in through exporting comes in.
What is one problem that may result when a nation imports more than it exports?
An imbalance between imports and exports occurs. It could mean a country is unable to cover the cost of importing, until money coming in through exporting comes in.
How do net exports help determine the nation's income?
When imports exceed exports, a trade deficit can occur
Would a nation rather have more imports or more exports?
export
What is the difference in the value between what a nation imports and what it exports over time?
hairy nut nation
What are taxes on imports and exports called?
Taxes that are placed on imports and exports are referred to as tariffs. A debate exists regarding whether or not high tariffs help or hurt a nation's economy.
What is the balance of trade?
The balance of trade (or net exports, sometimes symbolized as NX) is the difference between the monetary value of exports and imports of output in an economy over a certain period. It is the relationship between a nation's imports and exports.
When a nation imports more than it exports economist say it has?
Its known as a trade surplus
