A situation in which the value of a country's exports exceeds the value of its imports is called a(n):

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A trade surplus occurs when a country's exports exceed its imports. This means that the country is earning more from selling goods and services abroad than it is spending on foreign products. A capital surplus refers to a situation where a country receives more capital inflows (investment) than it sends out (in the form of loans or other investments). A balance of payments surplus, on the other hand, refers to a situation where a country's total receipts (exports, income from abroad, and capital inflows) exceed its total payments (imports, income paid to foreign residents, and capital outflows). An exchange rate surplus is not a commonly used term in economics.

A Situation in Which the Value of a Country's Exports