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What is the relationship between size of domestic economy and amount of exports and imports?
Wiki User
∙ 13y ago
In general, the larger the country's domestic economy, the less dependent it tends to be on exports and imports relative to its GDP.
Wiki User
∙ 13y ago
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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 production function explain relationship between?
output and exports
What is meant by GDP?
Gross Domestic Product.It is the measure of economy of a country G.D.P=CONSUMPTION+INVESTMENT+GOVT SPENDING+(EXPORTS-IMPORTS)
What are the advantages and disadvantages of Currency Appreciation?
Disadvantages of currency appreciation is makes the exports of the domestic economy less competitive in the world markets
What is a favorable balanced of trade.?
it is the relationship between a country's imports and exports ;)
What is a favorable balance trade?
it is the relationship between a country's imports and exports ;)
What economic indicators are use full in assessing an economy?
Generally speaking an economy can be measured by its GDP or gross domestic product. Other measures include unemployment, number of people below the poverty level and the balance of trade figures. This refers to the ratio between imports and exports.
What is the relationship between exports and imports?
they both have to do with bringing and taking out goods for a country
Calculate exports as a percentage of GDP?
What percentage of gross domestic product is in exports?
What is balance of trade?
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.
What is the relationship between net exports and GDP?
The relationship between ne exposts and GDP makes the slope of the ae curve flatter than it would be otherwise
What was the basis of the southern economy?
Exports
