Question

Define trade deficit

Answer 1

Answer:

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$\sf\green{\odot}$ the amount by which the cost of a country's imports exceeds the value of its exports.

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Answer 2

Explanation:

• A trade deficit also referred to as net exports, is an economic condition that occurs when a country is importing more goods than it is exporting.
• The trade deficit is calculated by taking the value of goods being imported and subtracting it by the value of goods being exported.