That'll be any factors that influence the components of the Aggregate Demand (Consumption + Investment + Government spending + Net exports). Any factors that influence each and every component of AD will affect economic growth (through the multiplier process).
consumption, investment, government spending, net exports
net exports=X-I where:X=exports I=imports
the GDP flow of product approach is calculated by summing up consumption and investments and government and net exports.=GDP= C+ I+ G+ Net exports==where net exports = exports - imports=the GDP flow of product approach is calculated by summing up consumption and investments and government and net exports.=GDP= C+ I+ G+ Net exports==where net exports = exports - imports=
Factors that influence import includeDomestic income level highDomestic currency value is fairly highQuality of domestic goodsFactors that influence exports are:Foreign income level highForeign currency value maybe highQuality of foreign products v.S domestic products
That'll be any factors that influence the components of the Aggregate Demand (Consumption + Investment + Government spending + Net exports). Any factors that influence each and every component of AD will affect economic growth (through the multiplier process).
consumption, investment, government spending, net exports
net exports=X-I where:X=exports I=imports
positive net exports increase equilibrium GDP while negative net exports decrease it.
Factors that influence import includeDomestic income level highDomestic currency value is fairly highQuality of domestic goodsFactors that influence exports are:Foreign income level highForeign currency value maybe highQuality of foreign products v.S domestic products
the GDP flow of product approach is calculated by summing up consumption and investments and government and net exports.=GDP= C+ I+ G+ Net exports==where net exports = exports - imports=the GDP flow of product approach is calculated by summing up consumption and investments and government and net exports.=GDP= C+ I+ G+ Net exports==where net exports = exports - imports=
Net exports is the total exports minus the total imports. If this is positive then, there is net capital inflow. If this is negative, it means there is net capital outflow.
Consumption, investment, government spending, net exports, and aggregate expenditures.
The country's net exports are positive(net exports being exports minus imports)
by subtracting a country's imports by the exports
the answer is they use imports and exports to trade.
when the imports exceeds the imports then net exports are negative and positive is best for country.