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Answer the Following Question. What is Meant by a Trade Deficit? - Economics

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प्रश्न

Answer the following question.
What is meant by a trade deficit?

एका वाक्यात उत्तर

उत्तर

Trade Deficits are the excess of imports over exports. That is,

Trade Deficits = Imports – Exports

NX = M – X.

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Balance of Payments Deficit Meaning
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2016-2017 (March) Foreign Set 3
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