Difference between revisions of "Trade balance"
(Created page with "Trade balance is the gap between exports and imports. ==Definitions== According to Principles of Economics by Timothy Taylor (3rd edition), :Trade balance. Gap be...") |
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According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
:[[Trade balance]]. Gap between [[exports]] and [[imports]]. | :[[Trade balance]]. Gap between [[exports]] and [[imports]]. | ||
| + | According to [[Macroeconomics by Mankiw (7th edition)]], | ||
| + | :[[Trade balance]]. The receipts from exports minus the payments for imports. | ||
[[Category: Economics]][[Category: Articles]] | [[Category: Economics]][[Category: Articles]] | ||
Latest revision as of 19:36, 2 July 2020
Trade balance is the gap between exports and imports.
Definitions
According to Principles of Economics by Timothy Taylor (3rd edition),
- Trade balance. Gap between exports and imports.
According to Macroeconomics by Mankiw (7th edition),
- Trade balance. The receipts from exports minus the payments for imports.
