Imports exports and exchange rates crash course economics #15 transcript
The annual difference between a country's exports and imports is called net exports. So, if Brazil exports 250 billion dollars worth of goods and imports 200 billion, then its net exports are 50 billion. That means Brazil has a trade surplus. In 2014, net exports in the U.S. were negative 722 billion dollars. That's what you call a trade deficit. Start studying Crash Course Economics #15: Imports, Exports, and Exchange Rates. Learn vocabulary, terms, and more with flashcards, games, and other study tools.