If the value of a nation's imports exceeds exports,the nation has a
A)government budget deficit.
B)trade surplus.
C)trade deficit.
D)negative net capital flow.

Question

Quizplus · Accepted Answer

If the value of a nation's imports exceeds exports, it means the nation is spending more money on imports than the amount of money it earns from exports. This is called a trade deficit.

If the Value of a Nation's Imports Exceeds Exports,the Nation