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Phil Is Writing His Impact Statement and Has Started with His

question 91

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Phil is writing his impact statement and has started with his means at hand.Now he is focusing on the idea today step.What questions should he be asking?


Definitions:

Exports

Exports refer to goods or services sent from one country to another for sale or trade, contributing to a nation's gross domestic product.

Trade Deficit

An economic measure of a negative balance of trade where a country's imports exceed its exports over a given period.

Exchange Rate

The value of one currency for the purpose of conversion to another, indicating how much of one currency can be exchanged for a unit of another currency.

Trade Flow

The movement of goods and services across borders, representing the import and export activities between countries.

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