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Sandeep Kumar

· started a discussion

· 1 Months ago

question 75 (Question:465010.0)

Trade deficit is when there is more import than export, but the question doesn't mention postive or negative difference. How would one assume that it is negative.

Question:

In economic, difference between imports and exports known as —

Options:
A)

Trade balance

B)

Trade deficit

C)

Trade growth

D)

Inflation

Solution:

Ans: (b)

A trade deficit, which is also referred to as net exports is an economic condition that occurs when a country is importing more goods than its exporting.

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