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Balance of Trade
Export-Import
Trade Surplus
E>I
Trade Deficit
E<I
Balance of Payments
E-I+net income
BOP other equation
Current accounts+ Capital accounts+ Financial account
Net income examples
Foreign investments, tourism, aid, and military expenses
Favorable balance
more money go into country
Dumping
sell product in another country for cheaper than where its made in
Goal of BOP
Achieve equilibrium
