If a nation exports much of its output but imports little, will it be better or worse off? How about the reverse? What if a nati

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strojnjashka [21]

3 years ago

13

If a nation exports much of its output but imports little, will it be better or worse off? How about the reverse? What if a nati

on exports little but imports a lot?

Business

1 answer:

Angelina_Jolie [31] · Answer 1 · 2022-03-12T14:27:14+03:00

This is the situation of countries like Germany,

Where exports > imports...
The results is definitely good for the country. It will increase its trade surplus. This allow the country to amassed a huge number of foreign reserves which they can use to invest abroad..

While countries that import > exports, will experienced trade loss/deficit (just think it like the reverse)