Question

unfavorable balance of trade 5 example ​

Answer 1

Answer:

Unfavorable Balance of Trade

The difference between the value of a country's exports and the value of its imports such that imports exceed exports. ... Some economists believe that an unfavorable balance of trade, especially if sustained, causes unemployment and lowers GDP growth.

For example, if the United States imported $1 trillion in goods and services last year, but exported only $750 billion in goods and services to other countries, then the United States had a trade balance of negative $250 billion , or a $250 billion trade deficit.