describe the trade imbalance

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01-04-2020
Social Studies

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describe the trade imbalance

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chassidytz chassidytz · Answer 1 · 2020-04-01T04:55:16+02:00

chassidytz chassidytz

01-04-2020

A trade deficit occurs when a country's imports exceed its exports during a given time period. It is also referred to as a negative balance of trade (BOT). The balance can be calculated on different categories of transactions.

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