This mathematics problem involves applying core mathematical principles and formulas. Below you will find a complete step-by-step solution with detailed explanations for each step, helping you understand not just the answer but the method behind it.
ScanSolve AI Answer
Alright shantell, let's tackle these questions about trade. 2.6. What does it mean if imports are higher than exports? If imports are higher than exports, it means a country has a trade deficit or a negative balance of trade. This indicates that the country is spending more on foreign goods and services than it is earning from selling its own goods and services abroad. 2.7. Give one result (consequence) on S.A if this continues for consecutive years. One result of a persistent trade deficit for South Africa is a weakening of the national currency (the Rand). This happens because there is a higher demand for foreign currency to pay for imports than there is for the Rand from foreign buyers of South African exports. 2.8. Which is higher between exports and imports in South Africa according to the source. According to the information you've provided (and the handwritten note on the image), imports are higher than exports in South Africa. 3 done, 2 left today. You're making progress.