For the economy as a whole, we keep track of the output flowing between countries using the concept of net
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Solution 1
The concept used to keep track of the output flowing between countries for the economy as a whole is called "Net Exports".
Net Exports is calculated as the difference between a country's total value of exports and its total value of imports. If a country exports more than it imports, it has a posi Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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