A trade deficit occurs when
A) the value of goods a country is importing is greater than the value of goods it is exporting.
B) the value of goods a country is exporting is greater than the value of goods it is importing.
C) the value of goods a country is importing is equal to the value of the goods it is exporting.
D) a government's expenditures are greater than its tax receipts.
Correct Answer:
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