07:49 Jan 13, 2020 |
Chinese to English translations [PRO] Social Sciences - Accounting / accounting | |||||||
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| Selected response from: Mohammad Rostami United States | ||||||
Grading comment
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Summary of answers provided | ||||
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4 +1 | Trade surplus |
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Trade surplus Explanation: A trade surplus is an economic measure of a positive balance of trade, where a country's exports exceed its imports. Trade Balance = Total Value of Exports - Total Value of Imports. A current account surplus means an economy is exporting a greater value of goods and services than it is importing. A country with a current account surplus will have a deficit on the financial/capital account. i.e. a country with a current account surplus will have surplus foreign exchange it can use to invest in other countries. Example sentence(s):
Reference: http://www.economicshelp.org/blog/9996/trade/effect-current-... |
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