What net trade measures
What net trade measures
Exports (XXX) are goods and services sold abroad. Imports (MMM) are goods and services bought from abroad. Net trade is their difference: X−MX - MX−M.
Step-by-step lessons on Edexcel A A Level Economics 2.2.5 Net trade (X-M). Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.