Define ‘Trade Surplus’. - Vidyadip

Question

Define ‘Trade Surplus’.

✓

Answer

Trade Surplus refers to the excess of the receipts of exports of visible items over the value of payments for imports of visible items.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Open Economy Macroeconomics→Open Economy Macroeconomics — all question types→Economics STD 12 Humanities & Commerce question papers→Rajasthan Board STD 12 Humanities & Commerce question papers→Rajasthan Board question paper generator→

Similar questions

Will the following items be included or not in National Income of India? Give reason for your answer.
Rent free accommodation to employees.

State any one objective of government budget.

Define final product or final goods.

What is a capital budget?

What does balance of payments account of a country record?

Categorize the following items into Revenue and Capital Expenditure.
Statement-Construction of school building.

Currency notes do not carry as much value as denominated on it. Explain.

Define 'Nominal GNP'.

Categorize the following items into Revenue and Capital Expenditure.
Statement-Repayment of loan.

Will the following items be included or not in National Income of India? Give reason for your answer.
Income of judge.