ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Gross Domestic Product
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Net exports of goods and services
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Investment
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Nominal GDP
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Detailed explanation-1: -The formula for net exports is a simple one: The value of a nation’s total export goods and services minus the value of all the goods and services it imports equals its net exports. A nation that has positive net exports enjoys a trade surplus, while negative net exports indicate that the nation has a trade deficit.
Detailed explanation-2: -A positive balance of trade, also known as a trade surplus, occurs when a country exports more goods than it imports. This means that the country is earning more from its exports than it is spending on its imports, and it is generally seen as a sign of economic strength.
Detailed explanation-3: -The balance of trade is the value of a country’s exports minus its imports. It’s the biggest component of the balance of payments that measures all international transactions.
Detailed explanation-4: -Balance of trade (BOT) is the difference between the value of a country’s exports and the value of its imports for a given period.
Detailed explanation-5: -Net exports = Value of exports – Value of imports.