Question
Trade deficit means that?
A. Exports exceed imports
B. Imports exceed exports
C. Increase in exports
D. Increase in imports
A. Exports exceed imports
B. Imports exceed exports
C. Increase in exports
D. Increase in imports
Answers
GPT-4o mini
B. Imports exceed exports
A trade deficit occurs when a country's imports exceed its exports, meaning it is buying more goods and services from other countries than it is selling to them.
A trade deficit occurs when a country's imports exceed its exports, meaning it is buying more goods and services from other countries than it is selling to them.