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

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Question

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

Options

  • Budget deficit

  • Trade deficit

  • Both Budget deficit and Trade deficit

  • None of the above

MCQ
Fill in the Blanks

Solution

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.

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