What is meant by a trade de?cit?
A) Trade de?cit is the difference between producer surplus and consumer surplus.
B) Trade de?cit is the difference between the price paid for a good and the cost of making it.
C) Trade de?cit is the difference between exported and imported goods and services.
D) Trade de?cit is the difference between the government's revenues and expenditures.

Question

Quizplus · Accepted Answer

A trade deficit occurs when a country's imports of goods and services exceed its exports. It reflects a situation where a country is buying more from the rest of the world than it is selling to it.

What Is Meant by a Trade De?cit