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Question
A BOT (Balance of Trade) surplus occurs when:
Options
Exports > Imports
Receipts < Payments on the current account
Exports = Imports
Imports > Exports
MCQ
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Solution
A BOT surplus exists when the value of exports of goods exceeds the value of imports of goods (Exports > Imports). Conversely, when Imports > Exports, the Balance of Trade is in deficit.
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