Economic statistics showing imports and exports are published by pretty much all governments every year, or at the very least estimates are compiled by international organizations like the UN or the IMF. Given just how much complexity goes into our globalized economy and how many things cross borders, how can governments keep track of this? Do they just go around and ask businesses what crossed the borders and how much?
In: 5
They don’t ask – they demand.
Businesses are required to report imports and exports to the government so that customs duties can be correctly calculated. From that information, you can estimate the total amount of any good that came into or left the country.
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