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Moreover, what is the impact of trade surplus (exporting more than importing) and trade deficit (importing...

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Economics

Moreover, what is the impact of trade surplus (exporting morethan importing) and trade deficit (importing more than exporting)on GDP, employment, and the exchange rate of the country'scurrency?

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Economic balance is one of the main components of the formula for a countrys gross domestic product GDP GDP increases when there is a trade surplus that is the total value of the products and services sold abroad by domestic manufacturers exceeds the total value of foreign goods and services bought by domestic buyer If domestic consumers are spending    See Answer
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