Question

country X is having more imports than imports. What would this situation be called? what impact will it have on this country's economy​

Answer 1

Answer:

if country x will be having more import than export than country's trade will be in deficit. and country will have to take loan from world trade organisation for paying deficit and its economic condition will be weak so every country must be self sufficient.

and vice versa in case of more export than import

Answer 2

Hey friend here's your answer!!!

If a country having more imports then imports the situation will be called deficts.The impact is that it have to be take loans from other countries and economy get weak and weak.

I hope it will help you.

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