Exports and imports

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  • Created by: Lottie
  • Created on: 30-04-12 09:36

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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