Advertisements
Advertisements
Question
Answer the following question.
What is meant by a trade deficit?
One Line Answer
Solution
Trade Deficits are the excess of imports over exports. That is,
Trade Deficits = Imports – Exports
NX = M – X.
shaalaa.com
Balance of Payments Deficit Meaning
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
Explain the meaning of balance of payments deficit.
Balance of Payments ‘deficit’ is the excess of: (choose the correct alternative)
a. Current account payments over current account receipts.
b. Capital account payments over capital account receipts.
c. Autonomous payments over autonomous receipts.
d. Accommodating payments over a accommodating receipts.
