A trade surplus is when exports exceed imports.
exports more than it 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.
deficit
A positive balance of trade, exports exceed imports
Trade deficit
exports more than it 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.
deficit
A positive balance of trade, exports exceed imports
trade surplus
Trade deficit
when democrats came to power
Appreciate.
Trade Deficit
When imports exceed exports, a trade deficit can occur
Tarifffs
Net exports, which are the difference between a country's exports and imports, play a significant role in calculating GDP. When net exports are positive, meaning exports exceed imports, they add to GDP and contribute to economic growth. Conversely, when net exports are negative, meaning imports exceed exports, they subtract from GDP and can hinder economic output. Overall, net exports impact the balance of trade and influence a country's economic performance within the global market.