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Nope. There are other factors to be taken into consideration. The products may be made domestically, sold on the black market, and the potential demand may not be completely tapped into, through poor marketing, high pricing, or inferior product/ product range. (i.e. the demand for MP3 player rocketed after the release of the iPod which packaged the same technology in a new way)

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Impact of imports and exports on the US Open economy?

The impact of imports and exports on the US open economy is quite significant. This is what shapes the economic status and is used as the measure of the productivity level of the nation.


Why imports are deducted from the gde?

Imports are deducted from Gross Domestic Expenditure (GDE) because GDE measures the total spending on goods and services within a country. Including imports would inflate this measure, as it would account for spending on foreign-produced goods that do not contribute to the domestic economy. By subtracting imports, GDE more accurately reflects the domestic economic activity and consumption. This adjustment ensures that the measure focuses solely on the value of goods and services produced and consumed within the country.


What is meant by GDP?

Gross Domestic Product.It is the measure of economy of a country G.D.P=CONSUMPTION+INVESTMENT+GOVT SPENDING+(EXPORTS-IMPORTS)


Import export balance of trade?

Import-export balance of trade as captured in the Balance of Trade, is an economic measure of the country's imports ad exports, and their relationship.


What is the total value of the nation's exports compared to its imports measured over a specific period of time called?

The total value of a nation's exports compared to its imports over a specific period of time is called the trade balance. When exports exceed imports, it results in a trade surplus, while the opposite leads to a trade deficit. This measure is an important indicator of a country's economic health and international trade performance.

Related Questions

How many ohms are there in 12 volts?

Ohms are used to measure resistance, and volts are used to measure potential difference -two completely-different quantities. You might as well be asking, "How many kilometres are there in 12 degrees Celsius?"


How many volts in one GHz?

Voltage and frequency are different units of measurement and cannot be directly converted. Volts measure electrical potential difference, while GHz measure frequency. So, there is no direct conversion between volts and GHz.


What is the pH of 0 cm?

pH is a measure of how acid or anti-acid a substance is; cm. is a measure of length. Those two are completely unrelated.pH is a measure of how acid or anti-acid a substance is; cm. is a measure of length. Those two are completely unrelated.pH is a measure of how acid or anti-acid a substance is; cm. is a measure of length. Those two are completely unrelated.pH is a measure of how acid or anti-acid a substance is; cm. is a measure of length. Those two are completely unrelated.


What kind of automatic transmission fluid do you use for a 1997 Mitsubishi galant with a 4-cylinder?

Advanced Auto parts sells Auto transmission fluid for imports. That is what you buy. Measure the quantity that comes out and that is what you add back in. Completely empty it holds 8 gts.


What does an angle with a measure of 120 degrees?

An angle with a measure of 120 degrees does nothing. It has no potential to do anything. It just is.An angle with a measure of 120 degrees does nothing. It has no potential to do anything. It just is.An angle with a measure of 120 degrees does nothing. It has no potential to do anything. It just is.An angle with a measure of 120 degrees does nothing. It has no potential to do anything. It just is.


How can you measure the business potential in two markets?

with a tape measure :)


Impact of imports and exports on the US Open economy?

The impact of imports and exports on the US open economy is quite significant. This is what shapes the economic status and is used as the measure of the productivity level of the nation.


What do elections measure?

They measure the public support and opinion of individual elected and potential representatives, parties and governments.They measure the public support and opinion of individual elected and potential representatives, parties and governments.They measure the public support and opinion of individual elected and potential representatives, parties and governments.They measure the public support and opinion of individual elected and potential representatives, parties and governments.They measure the public support and opinion of individual elected and potential representatives, parties and governments.They measure the public support and opinion of individual elected and potential representatives, parties and governments.They measure the public support and opinion of individual elected and potential representatives, parties and governments.They measure the public support and opinion of individual elected and potential representatives, parties and governments.They measure the public support and opinion of individual elected and potential representatives, parties and governments.They measure the public support and opinion of individual elected and potential representatives, parties and governments.They measure the public support and opinion of individual elected and potential representatives, parties and governments.


What is used to measure potential difference?

A Volt meter is used to measure potential difference (a.k.a. voltage). Potential difference is measured in units called: Volts (V).


What are volts measure of?

Electric potential.


What is the measure of potential energy?

Volts.


Why imports are deducted from the gde?

Imports are deducted from Gross Domestic Expenditure (GDE) because GDE measures the total spending on goods and services within a country. Including imports would inflate this measure, as it would account for spending on foreign-produced goods that do not contribute to the domestic economy. By subtracting imports, GDE more accurately reflects the domestic economic activity and consumption. This adjustment ensures that the measure focuses solely on the value of goods and services produced and consumed within the country.