normative
balance of payment is the difference between exports and imports so if Australia's exports trade balance exceeds its imports trade balance then it is positive
A positive balance of trade, exports exceed imports
Net exports will be positive and will add to the calculation of GDP.
One way is by imposing tariffs
yesenia molina
they are allowed to tax imports
when the imports exceeds the imports then net exports are negative and positive is best for country.
balance of payment is the difference between exports and imports so if Australia's exports trade balance exceeds its imports trade balance then it is positive
A positive balance of trade, exports exceed imports
Tariff
The country's net exports are positive(net exports being exports minus imports)
consumption +government expenditure+investments+exports-imports-deprecation
Net exports will be positive and will add to the calculation of GDP.
Smoot-Hawley Tariff
One way is by imposing tariffs
yesenia molina
In Australia exports overseas are covered by the federal government.