Question

what is the definition of trade deficit ​

Answer 1

Explanation:

trade deficit is an economic measure of international trade in which a country's imports exceed its exports. A trade deficit represents an outflow of domestic currency to foreign markets. It is also referred to as a negative balance of trade (BOT). Trade Deficit = Total Value of Imports – Total Value of Exports.

Answer 2

Explanation:

The balance of trade, commercial balance, or net exports, is the difference between the monetary value of a nation's exports and imports over a certain time period. Sometimes a distinction is made between a balance of trade for goods versus one for services.