In 2018, country a exports $84.9 billion and imported products valued at $74.69 billion. the difference between the dollar value of its exports and imports represents a:_____.

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14-09-2022
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In 2018, country a exports $84.9 billion and imported products valued at $74.69 billion. the difference between the dollar value of its exports and imports represents a:_____.

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smecloudbird18 smecloudbird18 · Answer 1 · 2022-09-21T14:48:07+02:00

In 2018, country a exports $84.9 billion and imported products valued at $74.69 billion. The difference between the dollar value of its exports and imports represents a Trade Surplus.

A trade surplus is an economic indicator which indicates a favorable trade balance when a nation's exports are more than its imports.

It is calculated as : Total value of Exports minus Total value of Imports.

When the outcome of the computation which is done above is positive, there is a trade surplus. A trade surplus is the result of a net local money inflow from the international markets.

It takes place when the outcome of the aforementioned computation is negative and is the opposite of a trade surplus, then it will denote a net inflow.

To learn more about Trade Surplus here:

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