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Table 5-1
The table below contains data for country A for the year 2010.
-Refer to Table 5-1. What were country A's exports in 2010?
Trade Surplus
A situation where a country's exports exceed its imports over a given period, indicating a positive balance of trade.
Services
Services involve non-material economic activities aimed at satisfying needs or wants, including endeavors like consulting, banking, or maintenance.
Largest Exporter
A country or entity that sells the highest volume or value of its goods or services to foreign markets, holding a significant position in global trade dynamics.
Terms Of Trade
The ratio of a country's export prices to its import prices, affecting the volume of imports that can be bought with a given volume of exports.
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