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Finance: What is Balance of Trade? 15 Views
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What is Balance of Trade? Balance of trade is just the difference between imports and exports in a country. When imports outweigh exports, there is a deficit. When exports outweigh imports, there is a surplus. Typically, deficits are bad and surpluses are good.
What is Balance of Trade? Balance of trade is just the difference between imports and exports in a country. When imports outweigh exports, there is a deficit. When exports outweigh imports, there is a surplus. Typically, deficits are bad and surpluses are good.
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