Exports and imports
- Created by: Lottie
- Created on: 30-04-12 09:36
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EXPORTS AND IMPORTS
- Exports-injection into the circular flow of income- goods/services sold to foreigners
- Imports- occur when a country buy goods/services from abroad
THE EFFECT OF EXCHANGE RATES
- Affects the demand for exports and imports
- appreciation (value of currency getting stronger) will lead to exports…
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