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What term explains a situation where imports exceed exports?
Trade Deficit
What best describes a situation in which exports exceed imports?
trade surplus
What is it called when exports exceed imports?
A trade surplus is when exports exceed imports.
What does it mean to an economy if exports exceed imports?
exports more than it imports
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 term explains a situation where imports exceed exports?
Trade Deficit
What best describes a situation in which exports exceed imports?
trade surplus
What is it called when exports exceed imports?
A trade surplus is when exports exceed imports.
What does it mean to an economy if exports exceed imports?
exports more than it imports
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.
When a country's imports exceed its exports there is a trade what?
deficit
What is trade surplus?
A positive balance of trade, exports exceed imports
When did the US imports firsts exceed its exports?
when democrats came to power
When exports exceed imports will the us dollar appreciate or depreciate?
Appreciate.
How do net exports help determine the nation's income?
When imports exceed exports, a trade deficit can occur
How do net exports, when calculating GDP, impact the overall economic output, considering they are both added to and subtracted from GDP?
Net exports, which are the difference between a country's exports and imports, play a significant role in calculating GDP. When net exports are positive, meaning exports exceed imports, they add to GDP and contribute to economic growth. Conversely, when net exports are negative, meaning imports exceed exports, they subtract from GDP and can hinder economic output. Overall, net exports impact the balance of trade and influence a country's economic performance within the global market.
What is when a country's imports exceed it's exports?
If a country's export exceeds the import then the balance of trade is unfavorable.
