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If a given country imports a greater amount of products of whatever sort (in terms of the money that it pays for them) than it exports (in terms of the money that it receives for them), then its money supply is diminishing, and it has a trade deficit. If, on the contrary, it exports more than it imports, then its money supply will increase, and it has a trade surplus.
exports more than it imports
Net Exports (X-I) equal Exports (X) minus Imports (I). If Net Exports are negative ( X - I < 0 ) it implies that Imports must be larger than Exports. The country is importing more than it is exporting. This is also known as a Trade Deficit or a Commercial Deficit.
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.
Basically, the balance of trade is when the difference in value between a country's imports and exports is more or less equal.
If a given country imports a greater amount of products of whatever sort (in terms of the money that it pays for them) than it exports (in terms of the money that it receives for them), then its money supply is diminishing, and it has a trade deficit. If, on the contrary, it exports more than it imports, then its money supply will increase, and it has a trade surplus.
exports more than it imports
a situation where a country has more visible imports than it has exports
Net Exports (X-I) equal Exports (X) minus Imports (I). If Net Exports are negative ( X - I < 0 ) it implies that Imports must be larger than Exports. The country is importing more than it is exporting. This is also known as a Trade Deficit or a Commercial Deficit.
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.
Basically, the balance of trade is when the difference in value between a country's imports and exports is more or less equal.
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.
Basically, the balance of trade is when the difference in value between a country's imports and exports is more or less equal.
It means that Exports - Imports > 0
I'm surprised to see that South Africa imports gold, since it has a large gold-mining industry. Are you sure you don't mean 'exports'? 'Exports' means 'sending out of a country', which is what South Africa has usually done with gold.
import are things sent to that country exports are things sent to another country
The Commerce Compromise granted the U.S. Congress the right to levy taxes on imports, but not exports.