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What is the difference in value between what a nation imports and what it exports over time?
Wiki User
∙ 15y ago
Balance of Trade
Wiki User
∙ 15y ago
The the difference in value between what a nation imports and exports over time is called the trade balance. If a nation exports more than it imports, it has a trade surplus. If a nation imports more than it exports, it has a trade deficit. This trade balance can impact a nation's currency value and overall economic health.
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What is the difference in the value between what a nation imports and what it exports over time?
hairy nut nation
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.
What is the difference in value between what a nation imports and what it exports?
You may referring to a given country's GNP, or Gross National Product.
What is the name when the value between a nation imports and what it exports over time?
Balance of trade
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)
What are the differences between bop and bot?
Balance of payments: A systematic record of a nation's total payments to foreign countries, including the price of imports and the outflow of capital and gold, along with the total receipts from abroad, including the price of exports and the inflow of capital and gold. Balance of trade The difference in value between the total exports and total imports of a nation during a specific period of time.
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
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.
