A trade deficit occurs when the value of the country's imports exceeds that of its exports.

Name: A trade deficit occurs when the value of the country's imports exceeds that of its exports.
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A trade deficit occurs when a country imports more goods and services than it exports, resulting in a negative balance of trade. This means that the country is buying more goods from other countries than it is selling to them, resulting in more money leaving the country than coming in.

A Trade Deficit Occurs When the Value of the Country's