A nation’s net exports are the value of its total exports minus the value of its total imports. A positive net export number indicates a trade surplus while a negative number means a trade deficit. A weak currency exchange rate makes a nation’s exports more competitive in price.
Full Answer
Which data embody changes in the price level but not changes in physical output?
What is national income?
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Which data embody changes in the price level but not changes in physical output?
B.) GDP data that embody changes in the price level but not changes in physical output.
What is national income?
National income measures: A.) the amount of wage, rent, interest, and profits income actually received by households. B.) nominal GDP after it has been inflated or deflated for changes in the value of the dollar.
Which data embody changes in the price level but not changes in physical output?
B.) GDP data that embody changes in the price level but not changes in physical output.
What is national income?
National income measures: A.) the amount of wage, rent, interest, and profits income actually received by households. B.) nominal GDP after it has been inflated or deflated for changes in the value of the dollar.
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