CHRIS KEYES3RD PERIOD

Global Economy

Balance Of Trade

Is the difference between a countries imports and exports

It is important because it will determine a country’s trade balance

Exchange Rate

Exchange rates is the value of a currency in one country compared with the value in another

Examples:1 US Dollar = 37,456,777 Zimbabwe Dollar 1 US Dollar = 2.15230 Venezuelan Bolivar 1 US Dollar = 1,407.06 South-Korean Won

Geography

The location, climate, terrain, seaports, and natural resources of a country influence business activity

Cultural Influences

It is the way how u meet and great people some people only hug when they great and other people just shake hands this goes back to not wanting to show a bad influence

US Balance Trade

AustraliaGoods exported- 13.1 billionsGoods inported-6.4 billions EuropeGoods expoted-150.5 billionsGoods imported-244.8 billions ChinaGoods exported-28.4 billionsGoods imported-152.4 billions