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Analyzing the Influence of Exports and International Trade on GDP Growth
December 2, 2023
What impact do international trade and exports have on GDP?
International trade and exports significantly impact GDP by contributing to a country's economic output. Exports add to a nation's GDP as they represent goods and services produced domestically but sold abroad, increasing economic activity and potentially fostering growth. Additionally, international trade affects GDP through factors like trade balance, imports, and overall economic competitiveness.
Tags : International Trade , Exports , GDP Growth