A country is said to achieve a trade surplus when total
Answer Details
A country is said to achieve a trade surplus when total visible exports exceed total visible imports. This means that the country is exporting more goods than it is importing, resulting in a net inflow of foreign currency. This can be a positive sign for the economy, as it indicates that there is a demand for the country's products and can lead to increased production, employment and income. A trade surplus can also help a country build up its foreign reserves and increase its purchasing power in the global market.