Increase in Exports and its Impact on Macroeconomic Performance
Question
Analyse how an increase in exports could improve a country’s macroeconomic performance.
Category:
Economic Growth & Development
Frequently asked question
Preview Answer
I. 🍃Introduction
- Explanation of the importance of exports in the economy
- Thesis statement: An increase in exports can have positive effects on the economy, including reducing a current account deficit, increasing aggregate demand, and improving living standards.
II. Increase in exports can reduce a current account deficit
- Definition of current account deficit
- Explanation of how an increase in exports can reduce it
- Example of a country that reduced its current account deficit through increased exports
III. Increase in exports can increase aggregate demand
- Definition of aggregate demand
- Explanation of how an increase in exports can increase it
- Example of a country that experienced increased aggregate demand through increased exports
IV. Increase in exports can lead to higher output and employment
- Explanation of how increased exports can lead to higher output and employment
- Example of a company that increased production and employment due to increased exports
V. Increase in exports can lead to economic growth and higher living standards
- Explanation of how increased exports can lead to economic growth and higher living standards
- Example of a country that experienced economic growth and higher living standards due to increased exports
VI. 👉Conclusion
- Recap of the positive effects of increased exports on the economy
- Call to action for policymakers to prioritize export promotion
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