The value of Country X's imports is greater than the value of its exports. Country X has a ______.

Question

Quizplus · Accepted Answer

A trade deficit occurs when the value of a country's imports exceeds the value of its exports. This is referred to as a negative balance of trade; there is more money flowing out of the country in the form of payments for the imports than what is flowing into the country in the form of payments for the exports.

The Value of Country X's Imports Is Greater Than the Value