Question

If the imports are more than the exports then it is knowm as

Answer 1

The right answer is trade deficit or negative balance.

Answer 2

When exports are greater than imports, that's a trade surplus. Most nations view that as a favorable trade balance.

In the same way , when the value of imports outweighs the value of exports, is a tradedeficit. They usually regard it as anunfavorable trade balance.

Generally trade surplus is seen as positive economic indicator..

Trade balance will be vary, value of imports and exports will be vary……