If a nation exported much of its output but imported little, would it be better or worse

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If a nation exported much of its output but imported little, would it be better or worse off? How about the reverse; that is, exporting little but importing a lot?

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Essentials of Economics

ISBN: 978-1259235702

10th edition

Authors: Bradley Schiller, Karen Gebhardt

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Question Posted: Mar 05, 2018 10:46 AM

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If a nation exported much of its output but imported little, would it be better or worse

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If we see in terms of GDP GDP C I G X M If there i...View the full answer

Essentials of Economics

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