Author: Puti Genta Nuraini | Published on: 31 January, 2019 Page: 33-41
Abstract
The balance of trade, commercial balance, or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation's exports and imports over a certain period. Sometimes a distinction is made between a balance of trade for goods versus one for services. The balance of trade measures a flow of exports and imports over a given period of time. The notion of the balance of trade does not mean that exports and imports are "in balance" with each other.
If a country exports a greater value than it imports, it has a trade surplus or positive trade balance, and conversely, if a country imports a greater value than it exports, it has a trade deficit or negative trade balance. As of 2016, about 60 out of 200 countries have a trade surplus. The notion that bilateral trade deficits are bad in and of themselves is overwhelmingly rejected by trade experts and economists.
Keywords
BOT; Trading; Theory; Merchandise Exports; Effect in GDP.
Cite this Article
Nuraini, P., G. (2019), Balance of Trade: Theories and Practices. International Journal of Tax Economics and Management, 2(3), 33-41.
Nuraini, P., G. (2019) "Balance of Trade: Theories and Practices", International Journal of Tax Economics and Management, 2(3), pp.33-41.
Nuraini, P., G.. Balance of Trade: Theories and Practices. International Journal of Tax Economics and Management. 2019; 2(3): 33-41.
Appeared
Appeared
Nuraini, P., G.. Balance of Trade: Theories and Practices. International Journal of Tax Economics and Management. 2019; 2(3): 33-41.
Nuraini, P., G.. Balance of Trade: Theories and Practices. International Journal of Tax Economics and Management. 2019; 2(3): 33-41.
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Citation Format
AK., A. (2018), Sociologic Factors and Social Structure in Preparation of Tax Acts and The Assessment of Personal Income Tax in Terms Of Suitability to Social Structure. International Journal of Tax Economics and Management, 1(1), 22-36.