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What occurs when the value of a country's exports is less than the value of its imports?
Wiki User
∙ 12y ago
When a country is exporting, in dollars and cents - less than it is importing, that country is running a trade deficit.
Wiki User
∙ 12y ago
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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 is the mathematical formula for calculating terms of trade?
Terms of trade = Price of Exports / Price of Imports The prices of exports and imports are usually calculated with respect to a specified base year. From that it is possible to calculate changes in the mix and the value of the trade flows to arrive at prices for the period in question.
Which measure of central tendency reports the value that occurs most often?
The mode reports that value that occurs most often.
How do you find the mode when there is no value that occurs the most often?
there is no mode if no value is repeated
The value that occurs most often in set of data?
Mode
What it is called when the value of imports exceeds the value of exports?
The difference between the value of a country's exports and the value of its imports. If the value of exports exceeds that of imports, a country is said to have a trade surplus, while the opposite case is called a trade deficit.
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.
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.
An unfavorable balance of trade occurs?
an imbalance of trade. More going in one direction that the other.
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.
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.
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
What is the balance of trade?
The balance of trade (or net exports, sometimes symbolized as NX) is the difference between the monetary value of exports and imports of output in an economy over a certain period. It is the relationship between a nation's imports and exports.
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.
