The value of goods imported into Spain exceeds the value of Spanish exports. This indicates that Spain
A) has an exchange rate decrease.
B) utilizes high tariffs.
C) has a budget deficit.
D) has a trade deficit.

Question

Quizplus · Accepted Answer

The balance of trade is the relationship of a country's exports to its imports. A trade deficit occurs when the value of a country's imports exceeds the value of their exports.

The Value of Goods Imported into Spain Exceeds the Value