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19.1 Measuring the size of the economy: gross domestic product  (Page 29/29)

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  • Card 29 / 29:
    trade surplus

    exists when a nation's exports exceed its imports and is calculated as exports – imports

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Practice FlashCards 8 Key Terms 16

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Source:  OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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