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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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