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spayn [35]
3 years ago
15

When the value of a nations exports is greater than the value of its imports, that nation definitely has

History
1 answer:
guajiro [1.7K]3 years ago
4 0

When the value of a nation's exports is greater than the value of its imports, that nation definitely has a positive balance of trade (or positive commercial balance) or a trade surplus. This allows that nation to lend money to countries that have a trade deficit, for instance. An example of such a nation would be China, since it produces and exports a very significant amount of the total goods that are consumed around the world.

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