Asked by
Welton Spottsville
on Nov 05, 2024Verified
If Germany has exports of 90 billion euros and imports of 110 billion euros, then it is running a trade deficit.
Trade Deficit
A condition where the value of a nation's imports surpasses that of its exports, leading to a trade deficit.
Exports
Goods or services sold by one country to purchasers in another country.
Imports
Goods or services brought into a country from abroad for sale, which can impact a nation's balance of trade.
- Master the concepts surrounding trade surplus and trade deficit.
Verified Answer
AP
Learning Objectives
- Master the concepts surrounding trade surplus and trade deficit.