Economics · Balance of Payments
A country experiences a trade deficit when:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Total capital inflows exceed total capital outflows
- 2The value of its imports is exactly equal to its exports
- 3The value of its exports exceeds the value of its imports
- 4The value of its imports exceeds the value of its exports✓
Correct answer
The value of its imports exceeds the value of its exports
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