Net Trade Flashcards by Willz Baby | Brainscape

Q

What are exports in the circular flow of income

A

An injection

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Q

How does Real Income affect exports

A

Demand for exports increases

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Q

How do exchange rates affect exports

A

SPICED

WPIDEC

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Q

How does Net Trade affect AD

A

X>M - AD will increase and vice versa

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Q

What affects demand for a nations exports

A

Real Income

Relative price

Exchange Rates

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