When government agencies cite statistics on trade deficits, trade surpluses, and the volume of merchandise trade for individual countries, these data generally refer to firms' collective exporting and importing activities.

Question

Quizplus · Accepted Answer

Government agencies typically collect data on the aggregate exporting and importing activities of firms within a country, which is then used to calculate trade deficits, surpluses, and volume of merchandise trade for individual countries.

When Government Agencies Cite Statistics on Trade Deficits, Trade Surpluses