Topics
Trade Balance (X-M)
A country's trade balance is the difference between the value of its exports and the value of its imports. A trade surplus occurs when a country exports more than it imports, while a trade deficit occurs when a country imports more than it exports.
See also
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2.1.4 - Balance of Payments (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
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2.2.5 Net Trade (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
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European Single Market
Study Notes
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UK Economy - Does a rising current account deficit matter?
27th March 2023
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UK Economy - Why is the Trade Deficit Rising so Fast?
27th March 2023
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Balance of Payments (Revision Quizlet Activity)
Quizzes & Activities
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Cyclical and Structural Trade Deficits
Topic Videos
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Sources of Comparative Advantage
Study Notes
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UK Scotch whisky exports suffer due to US tariffs
3rd February 2021
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Aggregate Demand - Revision Playlist
Topic Videos
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Current account deficits – Chains of Reasoning
Study Notes
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Balance of Payments - The Trade Balance
Topic Videos
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Measuring the Balance of Payments
Study Notes
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Import Protectionism - Main Arguments Against
Study Notes
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Import Protectionism - Main Arguments in Favour
Study Notes
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Economic Significance of Trade Imbalances
Topic Videos
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Comparative Advantage and Gains from Trade
Topic Videos
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Balance of Payments - Five Key Definitions
Topic Videos
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Economic complexity and competitiveness
Study Notes
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Export-led growth
Study Notes
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Demand and Supply-Side Economic Shocks
Study Notes
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Benefits and Costs of Globalisation
Study Notes