Scatter: Trade

GDP

The value of all goods and services produced within a country's borders per year.

GNP

Refers to the total value of goods and services produced by nationality, regardless of location.

Trade Deficit

When a nation imports more goods than it exports

Export

The sale of domestically created goods to foreign nations

Import

To purchase goods produced outside one's country, usually with the intent to resell.

Trade

The act of buying or selling.

GDP per capita.

Shows how much output is produced per member of the population.

GNP per capita.

Represents the value of a nationality's final output of goods and services in a year, divided by its population.

Terms you just did

Export	The sale of domestically created goods to foreign nations
GDP	The value of all goods and services produced within a country's borders per year.
GDP per capita.	Shows how much output is produced per member of the population.
GNP	Refers to the total value of goods and services produced by nationality, regardless of location.
GNP per capita.	Represents the value of a nationality's final output of goods and services in a year, divided by its population.
Import	To purchase goods produced outside one's country, usually with the intent to resell.
Trade	The act of buying or selling.
Trade Deficit	When a nation imports more goods than it exports

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