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Which of the terms refers to the situation that results when a country imports more goods than it exports?
The situation where a country imports more goods than it exports is referred to as a "trade deficit." This occurs when the value of imports exceeds the value of exports over a specific period. A trade deficit can affect a country's economy by impacting its currency value and influencing domestic production and consumption patterns.
What was China's per capita value of imports in 2003?
Its per capita exports value increased to $373, and imports to $360, in 2003.
What is favorable balance of trade?
A situation that exists when the value of a nation's exports is in excess of the value of its imports.
What was Belgium's per capita value of imports in 2003?
Belgium had exports at a whopping $29,770 and imports at $27,690 per capita.
Is GDP and GDE are similar?
GDP=C+I+G+ (X-Z) GDE=C+I+G (this includes the value of all imports) GDP>GDE means that exports>imports GDE>GDP means that imports>exports
When the value of a nation imports exceeds the value of that nations exports the nation is said to have?
When nation's value of imports exceeds the value of its exports, it can be said that the nation has a trade deficit.
What's a trade surplus?
the amount by which the value of a country's exports exceeds the cost of its imports.
Which of the terms refers to the situation that results when a country imports more goods than it exports?
The situation where a country imports more goods than it exports is referred to as a "trade deficit." This occurs when the value of imports exceeds the value of exports over a specific period. A trade deficit can affect a country's economy by impacting its currency value and influencing domestic production and consumption patterns.
What is the difference in value between what a nation imports and what it exports?
The difference in value between what a nation imports and what it exports is called the trade balance. If a country exports more than it imports, it has a trade surplus. If it imports more than it exports, it has a trade deficit. A balanced trade is when a country's imports and exports are equal.
What is the difference in value between what a nation imports and what it exports over time?
The the difference in value between what a nation imports and exports over time is called the trade balance. If a nation exports more than it imports, it has a trade surplus. If a nation imports more than it exports, it has a trade deficit. This trade balance can impact a nation's currency value and overall economic health.
When the value of the products that a country imports exceeds the value of the products it exports a what occurs?
An unfavorable balance of trade occurs, whereupon the sky becomes dark and a chill wind sweeps over the country.
What was China's per capita value of imports in 2003?
Its per capita exports value increased to $373, and imports to $360, in 2003.
What was China's per capita value of exports in 2003?
Its per capita exports value increased to $373, and imports to $360, in 2003.
This is the difference in the monetary value of exports and imports for a country?
Balance of Trade
What is favorable balance of trade?
A situation that exists when the value of a nation's exports is in excess of the value of its imports.
What was Belgium's per capita value of imports in 2003?
Belgium had exports at a whopping $29,770 and imports at $27,690 per capita.
What was the U.S. per capital value of imports in 2003?
The U.S. per capita values of exports were $3,440 and imports were $5,208.
