Question

______ measures the excess of import expenditure over the export revenue of a country.

पर्याय

• Budget deficit

• Trade deficit

• Both Budget deficit and Trade deficit

• None of the above

Answer 1

The trade deficit measures the excess of import expenditure over the export revenue of a country.

Explanation:

The trade deficit is the difference between a country's import spending and its export earnings.

Trade Deficit = M − X   

Where M represents import expense and x represents expert revenue.