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.

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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.

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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.

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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

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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