Exports
Exports are goods and services produced within a country but sold to foreign buyers. They represent demand for domestic production from abroad, adding to aggregate demand. Export growth supports employment and income.
Real World
German car manufacturers like BMW and Mercedes export vehicles worldwide, supporting over 800,000 jobs in Germany's automotive sector alone. When the euro weakened against the dollar in 2022, German exports became cheaper for American buyers, boosting sales.
Exam Focus
Always link export performance to exchange rate changes and relative inflation when explaining competitiveness shifts.
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