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The difference between the value of a country's exports and the value of its imports. If the value of exports exceeds that of imports, a country is said to have a trade surplus, while the opposite case is called a trade deficit.
Its per capita exports value increased to $373, and imports to $360, in 2003.
A situation that exists when the value of a nation's exports is in excess of the value of its imports.
GDP=C+I+G+ (X-Z) GDE=C+I+G (this includes the value of all imports) GDP>GDE means that exports>imports GDE>GDP means that imports>exports
they will fell differentthey will
The difference between the value of a country's exports and the value of its imports. If the value of exports exceeds that of imports, a country is said to have a trade surplus, while the opposite case is called a trade deficit.
The difference in value between what a nation imports and what it exports is called the trade balance. If a country exports more than it imports, it has a trade surplus. If it imports more than it exports, it has a trade deficit. A balanced trade is when a country's imports and exports are equal.
When nation's value of imports exceeds the value of its exports, it can be said that the nation has a trade deficit.
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.
Its per capita exports value increased to $373, and imports to $360, in 2003.
Its per capita exports value increased to $373, and imports to $360, in 2003.
Balance of Trade
A situation that exists when the value of a nation's exports is in excess of the value of its imports.
GDP=C+I+G+ (X-Z) GDE=C+I+G (this includes the value of all imports) GDP>GDE means that exports>imports GDE>GDP means that imports>exports
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.
The U.S. per capita values of exports were $3,440 and imports were $5,208.