Class Notes (835,929)
Canada (509,507)
Economics (1,617)
ECON 1BB3 (535)
Lecture

Net Exports

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Department
Economics
Course
ECON 1BB3
Professor
Bridget O' Shaughnessy
Semester
Fall

Description
Net exports: exports – imports Exports: goods and services produced domestically and sold abroad Imports: goods and services produced abroad and sold domestically Factors affecting trade balance 1. Tastes (foreign/domestic goods) 2. Prices (foreign/domestic) 3. Exchange rates 4. Income (foreign/domestic) Net capital outflow (NCO): the purchase of foreign assets by domestic residents minus the purchase of domestic assets by foreign residents Net capital outflow is also called net foreign investment (NF
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