What does “Trade Deficit” mean?
A. The value of exports of goods and services is more than the value of imports of goods and services.
B. The value of imports of merchandise is more than the value of exports of merchandise.
C. Negative balance on account of trade in goods, services and transfers.
D. Foreign exchange payments on account of invisible items are in excess over the receipts of invisible items.
Answer:B
What does “Trade Deficit” mean?
A. The value of exports of goods and services is more than the value of imports of goods and services. B. The value of imports of merchandise is more than the value of exports of merchandise. C. Negative balance on account of trade in goods, services and transfers. D. Foreign exchange payments on account of invisible items are in excess over the receipts of invisible items.