What happens when a country imports more than it exports 2024?
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Studied at the University of Melbourne, Lives in Melbourne, Australia.
If a country exports a greater value than it imports, it has a trade surplus, positive balance, or a "favourable balance", and conversely, if a country imports a greater value than it exports, it has a trade deficit, negative balance, "unfavorable balance", or, informally, a "trade gap".
2023-04-25 17:06:04
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Julian Wilson
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If a country exports a greater value than it imports, it has a trade surplus, positive balance, or a "favourable balance", and conversely, if a country imports a greater value than it exports, it has a trade deficit, negative balance, "unfavorable balance", or, informally, a "trade gap".