Trade deficit refers to the situation where

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1.13K viewsAugust 26, 2021Balance of PaymentsBop

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Aishwarya sharma 54 August 26, 2021 0 Comments

A export of goods is more than import

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B export of goods is less than import

C export of services is more than import

D export of services is less than import

score 0 · Answer 1 · 2021-08-26T19:40:38+00:00

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Ans – B

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Trade deficit refers to the situation when exports of goods is less than the import of goods.

A trade deficit occurs in the Balance of Trade.

Balance of Trade also known as BoT is the difference between export and import of visible goods.

Deficit Trade = Import of goods – Export of goods

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