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What of these will happen if a country imports less than it exports?
Wiki User
∙ 8y ago
Net exports will be positive and will add to the calculation of GDP.
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What is the difference between a favorable and an unfavorable balance of trade?
noun the difference between the values of exports and imports of a country, said to be favorable or unfavorable as exports are greater or less than imports. ----
Why are terms of trade important?
Terms of Trade refers to the value of the country's exports relative to that of the country's imports. If a country's terms of trade is less than 100% there is more capital leaving the country, buying imports, than there is coming in from exports. It is possible to determine the health of the country's economy from these figures
What happens to the price of exports and imports if the rand is weak against other currencies?
the imports will cost more were as you will get paid less for the exports.
What is balence of trade mean?
Basically, the balance of trade is when the difference in value between a country's imports and exports is more or less equal.
Explain how exports can be greater than a country's GDP?
gdp includes consumption, investment ,govt spending and net exports.......the last term i,e., net exports is nothing but (exports-imports) .so if imports are far higher than exports then it can make the term gdp less than the term exports .....countries having heavy import based economy will have this anamoly.....especially small countries like singapore luxembourg have this feature....
What is the relationship between size of domestic economy and amount of exports and imports?
In general, the larger the country's domestic economy, the less dependent it tends to be on exports and imports relative to its GDP.
What is the difference between a favorable and an unfavorable balance of trade?
noun the difference between the values of exports and imports of a country, said to be favorable or unfavorable as exports are greater or less than imports. ----
What occurs when the value of a country's exports is less than the value of its imports?
When a country is exporting, in dollars and cents - less than it is importing, that country is running a trade deficit.
Why are terms of trade important?
Terms of Trade refers to the value of the country's exports relative to that of the country's imports. If a country's terms of trade is less than 100% there is more capital leaving the country, buying imports, than there is coming in from exports. It is possible to determine the health of the country's economy from these figures
What happens to the price of exports and imports if the rand is weak against other currencies?
the imports will cost more were as you will get paid less for the exports.
What is mean trade?
Basically, the balance of trade is when the difference in value between a country's imports and exports is more or less equal.
What is balence of trade mean?
Basically, the balance of trade is when the difference in value between a country's imports and exports is more or less equal.
Explain how exports can be greater than a country's GDP?
gdp includes consumption, investment ,govt spending and net exports.......the last term i,e., net exports is nothing but (exports-imports) .so if imports are far higher than exports then it can make the term gdp less than the term exports .....countries having heavy import based economy will have this anamoly.....especially small countries like singapore luxembourg have this feature....
How did the Holocaust affect the money in the us?
During the time of the Holocaust, we in America where in a depression. So whenever the holocaust was over Germany owed a lot of mainey to a lot of countries. And since we trade imports and exports our flow of money from those imports and exports became less and less.
What are Louisiana's imports and exports?
The primary import for Louisiana is crude oil. Other less significant imports are coffee, pine oil, and anhydrous ammonia. The state's primary exports are petroleum oil and soybeans.
Why is it important for a country to balance its exports and imports?
it is important for a country to balance its exports & imports because if a country imports more than it exports it has to borrow from a international organizations like the World Bank ,and will then have to repay the loan with high interest. this means it will have less to spend on services such as schools ,hospitals ,law and order ,roads , etc
Inward and outward looking trade policies?
Inward looking means self sufficient i.e producing goods sufficient to their country less imports. outward looking means increase in exports.
