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terms of trade is the relationship of prices of imports and exportstot=price index of imports---- price index of exportsbalance of trade is the difference between total exports and total importsbot=totall exports- total imports
terms of trade expresses the relationship between the prices at which a country sells its exports and the prices paid for imports.
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.
Terms of Trade refers to the value of the country's exports relative to that of the country's imports. If a country's terms of trade is less than 100% there is more capital leaving the country, buying imports, than there is coming in from exports. It is possible to determine the health of the country's economy from these figures
A trade surplus is when exports exceed imports.
terms of trade is the relationship of prices of imports and exportstot=price index of imports---- price index of exportsbalance of trade is the difference between total exports and total importsbot=totall exports- total imports
terms of trade is the relationship of prices of imports and exportstot=price index of imports---- price index of exportsbalance of trade is the difference between total exports and total importsbot=totall exports- total imports
terms of trade expresses the relationship between the prices at which a country sells its exports and the prices paid for imports.
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.
Terms of Trade refers to the value of the country's exports relative to that of the country's imports. If a country's terms of trade is less than 100% there is more capital leaving the country, buying imports, than there is coming in from exports. It is possible to determine the health of the country's economy from these figures
Terms of trade = Price of Exports / Price of Imports The prices of exports and imports are usually calculated with respect to a specified base year. From that it is possible to calculate changes in the mix and the value of the trade flows to arrive at prices for the period in question.
A trade surplus is when exports exceed imports.
The countries imports outweighed their exports resulting in a trade deficit.
The United States is Mexico's main trade partner, both in terms of exports as well as imports; it is the destination of 81% ($303 billion) of Mexico's exports, and it is the origin of 47% ($180 billion) of Mexico's total imports (2016).
The balance of trade (or net) is the difference between monetary value of exports and imports of output in an economy.
This would be a trade deficit, where the imports cannot be balanced by exports.
u have imports and exports so that the ine of trade can continue and think about it, if we didnt have chinas exports what would we have