A Trade Deficit Occurs When

question 141

Multiple Choice

A trade deficit occurs when:

• A) foreign remittances paid are less than foreign remittances received.
• B) exports are less than imports.
• C) exports equal imports.
• D) exports are greater than imports.

---

Definitions:

Forecast Values

Predicted values generated from statistical models based on historical data.

Gaming Console Sales

The total units of video game consoles sold within a specific timeframe.

Mean Absolute Percentage Error

An accuracy measure used in forecasting models to compare the magnitude of forecast errors independently of the unit of measurement.

Gaming Console Sales

The measure of commercial success for video gaming hardware, indicated by the volume of units sold to consumers.