The nation’s balance of trade and balance of payment. Introduction: Difference between the values of export and imports of a country in particular year is said to be balance of trade and difference between money that comes into the country from exports and money going out from the country for imports is said to be balance of payments.

Question

Want to see the full answer?

Answer 1

Question

Definition Definition Difference in value of a country's net exports and net imports for goods and services in a given period. A positive balance of trade is called a surplus and coincides with more net cash inflows into a country; a negative balance of trade deficit is a deficit and results in net cash outflows. A balance of trade surplus or deficit doesn't necessarily indicate a positive or negative situation for a country.

Chapter 3.2, Problem 3TP

Summary Introduction

To determine: The nation’s balance of trade and balance of payment.

Introduction:

Difference between the values of export and imports of a country in particular year is said to be balance of trade and difference between money that comes into the country from exports and money going out from the country for imports is said to be balance of payments.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Mostlarge businesses rely on many complex processes to keep them running smoothly. Two large areas that impact large areas of business and IT are ERP and CRM. Respond to the following questions: • How do ERP and CRM help a company? What are the drawbacks to setting up those different types of systems in a business? What direct effects do these systems have on customers?

Please original work Who owns a customer's information in United States and Europe? Who should profit from it? How would that work Please cite in text reference and add weblinks

What significant role context plays in social interactions

Answer 2

Question

Definition Definition Difference in value of a country's net exports and net imports for goods and services in a given period. A positive balance of trade is called a surplus and coincides with more net cash inflows into a country; a negative balance of trade deficit is a deficit and results in net cash outflows. A balance of trade surplus or deficit doesn't necessarily indicate a positive or negative situation for a country.

Chapter 3.2, Problem 3TP

Summary Introduction

To determine: The nation’s balance of trade and balance of payment.

Introduction:

Difference between the values of export and imports of a country in particular year is said to be balance of trade and difference between money that comes into the country from exports and money going out from the country for imports is said to be balance of payments.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Definition Definition Difference in value of a country's net exports and net imports for goods and services in a given period. A positive balance of trade is called a surplus and coincides with more net cash inflows into a country; a negative balance of trade deficit is a deficit and results in net cash outflows. A balance of trade surplus or deficit doesn't necessarily indicate a positive or negative situation for a country.

Chapter 3.2, Problem 3TP

Summary Introduction

To determine: The nation’s balance of trade and balance of payment.

Introduction:

Difference between the values of export and imports of a country in particular year is said to be balance of trade and difference between money that comes into the country from exports and money going out from the country for imports is said to be balance of payments.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Definition Definition Difference in value of a country's net exports and net imports for goods and services in a given period. A positive balance of trade is called a surplus and coincides with more net cash inflows into a country; a negative balance of trade deficit is a deficit and results in net cash outflows. A balance of trade surplus or deficit doesn't necessarily indicate a positive or negative situation for a country.

Chapter 3.2, Problem 3TP

Summary Introduction