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idiot if i had known it i would never had come to this site
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∙ 11y ago
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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 happens when the level of import is greater than the level of exports?
A trade deficit
What does adverse import mean?
a situation where a country has more visible imports than it has exports
Why does the US import clothing rather than produce it?
The US imports, exports, and produces clothes.
Does France import more wine than it exports by volume?
No. Value of wine exports: 5.9 billion euro Value of imports: 526 million euros
Do A trade deficit occurs when the government spends more than it receives in tax revenue?
No, it occurs when you import more than your export.
Why was Latin America's need to import goods a problem?
the goods cost more than what was earned from exports..
How much food does the US import?
It doesn't import as much as it exports seeing its rich soil allows them to produce lots of foods for themselves. They export more than they import.
Which statements best support the theory of mercantilism?
A country must import more goods than it exports to maximize profits
Is the rate of natural increase higher in India than in Pakistan?
no, india may have a larger population but pakistan's natural increase is higher
How much money does PA spend on energy?
PA "exports" more than $20 billion a year to IMPORT energy fuels.
Does Cuba Export or Import goods?
Cuba imports more than twice as much as it exports. Its main exports are sugar, nickel, tobacco, and medical supplies. Its main imports are petroleum, petroleum products, and food.
