wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

When does a trade deficit occur?

A
When exports are greater than imports.
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
When imports are greater than exports.
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
When imports are equal to exports in a country.
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
When savings are greater than expenditure.
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B When imports are greater than exports.
Trade deficit is a situation which arises when the values of a country's imports goods is greater than the value of goods that it exports.

flag
Suggest Corrections
thumbs-up
1
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Trade Industry
HISTORY
Watch in App
Join BYJU'S Learning Program
CrossIcon