explain surplus trade??
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trade surplus is an economic measure of a positive balance of trade, where a country's exports exceed its imports.
Trade Balance = Total Value of Exports - Total Value of Imports
A trade surplus occurs when the result of the above calculation is positive. A trade surplus represents a net inflow of domestic currency from foreign markets. It is the opposite of a trade deficit, which represents a net outflow, and occurs when the result of the above calculation is negative. In the United States, trade balances are reported monthly by the Bureau of Economic Analysis.
Learn more about how exports and imports affect consumers and the economy here
Trade Balance = Total Value of Exports - Total Value of Imports
A trade surplus occurs when the result of the above calculation is positive. A trade surplus represents a net inflow of domestic currency from foreign markets. It is the opposite of a trade deficit, which represents a net outflow, and occurs when the result of the above calculation is negative. In the United States, trade balances are reported monthly by the Bureau of Economic Analysis.
Learn more about how exports and imports affect consumers and the economy here
Answered by
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A trade surplus is an economic measure of a positive balance of trade, where a country's exports exceed its imports. Atrade surplus occurs when the result of the above calculation is positive. Atrade surplus represents a net inflow of domestic currency from foreign markets.
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