What is trade deficit?

The amount by which the cost of a country's imports exceeds the value of its exports.

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The amount by which the cost of a country's exports exceeds the value of its imports.

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A situaton where there the value of exports is NIL.

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None of the above

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Solution

The correct option is A
The amount by which the cost of a country's imports exceeds the value of its exports.

Trade deficit is the amount by which the cost of a country's imports exceeds the value of its exports.

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