Tell me what an IMPORT is and what an EXPORT is and then tell me how much their import and export is.
Import- Bringing goods into a country for sale
Export- Sending goods into another country for sale
Import- machinery and equipment, chemicals, fuels, foodstuffs
Export- oil and gas, electrical appliances, plywood, textiles, rubber
Comparison to the WorldImport- 28
Comparison to the World Export- 29
What is wrong when the price of imports is greater than the price of exports?
That country will have to pay more for the imports when they don't have any exports to send out. This causes them to loose money.
Before this project I had no clue what GDP met or GDP Per Capita. I think it's interesting all the ways different country's work with economy. Without economy we wouldn't know a lot of things about all our different countries. I think I deserve an A or a B for the work I've done.