Examlex
In order to provide information on two variables, what must an economist use?
Billion
A numerical value representing one thousand million (1,000,000,000) in the short scale, and commonly used in financial contexts.
Year
A period of time consisting of 12 months or 365 days (366 in a leap year), used as a basic unit of time for calendrical purposes.
Trade Surplus
A situation in which a country's exports exceed its imports, leading to a positive balance of trade.
Export
Goods or services sold by a country to another country, contributing positively to the selling country's balance of trade.
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