When a country's total visible and invisible exports are more than its visible and invisible imports, it has?
Answer Details
When a country's total visible and invisible exports are more than its total visible and invisible imports, it has a favourable balance of trade. This means that the country is exporting more goods and services than it is importing, resulting in a surplus. The balance of trade is an important economic indicator that shows how much a country is producing and consuming relative to its trading partners. A favourable balance of trade can lead to increased economic growth and employment opportunities in the exporting industries, while an unfavourable balance of trade, where a country imports more than it exports, can lead to a trade deficit and potentially lower economic growth. The balance of payments is a broader measure that includes not only visible and invisible trade but also other types of financial transactions between a country and its trading partners, such as foreign investment and loans.