Examlex
Which of the following is generally excluded from gross income?
Merchandise Trade Deficit
A situation where a country's imports of goods exceed its exports of goods over a given period, leading to a negative balance of trade.
Service Trade Deficit
The situation where the value of a country's imports of services exceeds the value of its exports of services.
Capital Account Surplus
A situation where the inflows of foreign capital exceed the outflows, often reflecting in a nation's balance of payments.
Reserve Currency
A foreign currency held in large quantities by governments and institutions as part of their foreign exchange reserves.
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