________ is the excess of imports over exports.

Question

Quizplus · Accepted Answer

A trade deficit occurs when a country imports more goods and services than it exports. This means that foreign currency is leaving the country to pay for the imports, leading to a net outflow of currency. A trade surplus, on the other hand, occurs when a country exports more goods and services than it imports, leading to a net inflow of currency. A budget deficit or surplus relates to a government's spending and revenue levels.

________ Is the Excess of Imports Over Exports