Examlex
Which of the following statements is TRUE?
Trade Surplus
The difference between a nation's exports and imports when exports exceed imports.
Trade Deficit
A measure of international trade in which a country's imports exceed its exports.
Net Exports
A country's economic output's net impact from international trade, calculated as the difference between its total exports and total imports.
Net Exports
The value of a country's total exports minus its total imports, indicating whether a country is in a trade surplus or deficit.
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