In general, the larger the country's domestic economy, the less dependent it tends to be on exports and imports relative to its GDP.
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.
output and exports
Gross Domestic Product.It is the measure of economy of a country G.D.P=CONSUMPTION+INVESTMENT+GOVT SPENDING+(EXPORTS-IMPORTS)
Disadvantages of currency appreciation is makes the exports of the domestic economy less competitive in the world markets
it is the relationship between a country's imports and exports ;)
it is the relationship between a country's imports and exports ;)
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.
they both have to do with bringing and taking out goods for a country
What percentage of gross domestic product is in exports?
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.
The relationship between ne exposts and GDP makes the slope of the ae curve flatter than it would be otherwise
Exports