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The Complete Idiot's Guide to Economics, 2nd Edition by Tom Gorman

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Imports and Exports

When a country exports goods, it sells them to a foreign market—that is, to consumers, businesses, or governments in another country. Those exports bring money into the country, which increases the exporting nation’s GDP. When a country imports goods, it buys them from foreign producers. The money spent on imports leaves the economy, and that decreases the importing nation’s GDP.
Net exports can be either positive or negative. When exports are greater than imports, net exports are positive. When exports are lower than imports, net exports are negative. If a nation exports, say, $100 billion worth of goods and imports $80 billion, it has net exports of $20 billion. That amount gets added to the country’s GDP. If a nation ...

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