TABLE 5-1 International Flows of Goods and Capital: Summary of the Three Outcomes an Open Economy Can Experience

Trade Surplus	Balanced Trade	Trade Deficit
Exports > Imports	Exports = Imports	Exports < Imports
Net Exports > 0	Net Exports = 0	Net Exports < 0
Y > C + I + G	Y = C +I +G	Y < C +I + G
Saving > Investment	Saving = Investment	Saving < Investment
Net Capital Outflow > 0	Net Capital Outflow = 0	Net Capital Outflow < 0