There are no exports in a closed economy

540 viewsDecember 11, 2023National Income and related aggregates

Anurag Pathak28.35K December 11, 2023 0 Comments

True or False with Reason:

There are no exports in a closed economy.

Anurag Pathak Changed status to publish December 11, 2023

Add a Comment

1 Answer

Anurag Pathak28.35K Posted December 11, 2023 0 Comments

True,

In case of closed economy, exports are nil as the economy has no economic relations with the rest of the world.

Anurag Pathak Changed status to publish December 11, 2023

Add a Comment

Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

Articles: 8060

Telegram Channel

Telegram Channel

1 Answer

1 Answer

Anurag Pathak

Related Questions