stevenbaker stevenbaker
  • 01-04-2020
  • Social Studies
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describe the trade imbalance

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chassidytz
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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