Trade deficit refers to a situation where:

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Economics · Balance of Payments

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Export of goods is less than import of goods

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Answer 1

Export of goods is more than import of goods

Answer 2

Export of goods is less than import of goods

Answer 3

Export of services is more than import of services

Answer 4

Import of goods is equal to export of goods

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