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20 July, 10:45

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

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  1. 20 July, 10:56
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    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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