Thank you. It says about the difference between the country earnings (in dollars) from the exported goods and the country import expenses (in dollars). In other words, the country earns, for example, $100bn by selling goods and spends $190bn on buying goods.
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hhtt I try to understand the the phrase "A country with trade deficits of $ 90 billion." What does this phrase mean or implies to?Thank you.It says about the difference between the country earnings (in dollars) from the exported goods and the country import expenses (in dollars). In other words, the country earns, for example, $100bn by selling goods and spen
Anonymous It says about the difference between the country earnings (in dollars) from the exported goods and the country import expenses (in dollars). In other words, the country earns, for example, $100bn by selling goods and spends $190bn on buying goods.Is "trade deficit" a special term or something like set phrase or instead of it which of the following c
hhttIs "trade deficit" a special term or something like set phrase or instead of it which of the following can be used?Yes, it's a term used mostly by economists, politicians, and journalists to determine the difference between the country export and import trade.
hhtt1)trade shortage2) trade deficiency3) trade shorfallTho
AnonymousThose are not synonyms of "trade deficit".Then does this show that "trade deficit" is a set phrase?