Question

1.1.2 What is the effect on aggregate expenditure if the value of exports exceeds
the value of imports in a country?
(2​

Answer 1

Answer:

If a country exports a greater value than it imports, it has a trade surplus or positive trade balance, and conversely, if a country imports a greater value than it exports, it has a trade deficit or negative trade balance. As of 2016, about 60 out of 200 countries have a trade surplus.

Explanation:

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