| A | B |
|---|
| Exports | Selling goods to other countries |
| Imports | Buying goods from other countries |
| Exports represents ... in $ terms | Money moving into the country |
| Imports represents .. in $ terms | Money moving out of the country |
| China | One of Australia's largest trading partners |
| Iron Ore | Export we sell to China |
| Tourism and Education | Examples of export services |
| Skills | With exports services we are selling our ? to other countries |
| Imports we buy | Petroleum and cars |
| Reasons why we trade | Lack of our natural resources |
| Reasons for trading - C.... products | Cheaper |
| Reasons for trading - better Q... products | Quality |
| Examples of commodities AU export | Metals, energy, livestock and meat, and agricultural. |
| Human capital flow | Human skills demanded from other countries |
| Foreign Debt | Term used when Australia borrows money from other countries |
| Equity | Another term for stocks and shares |
| Investment | Australia borrows money from other countries to finance this for example |
| Savings | Australia need to borrow from other countries due to lack of this in Au banks |
| Examples of financial capital flows | Net foreign debt and Net foreign equities |
| Net Foreign Equity | Total value of equity owned by foreign investors MINUS total value of foreign equity owned by AU |
