Examlex
Which of the following accurately describes most other industrialized nations?
Trade Deficit
A situation in which a country's imports of goods and services exceed its exports, indicating that it is buying more from other countries than it is selling to them.
Exports
Items or services transferred from one country to another for commerce or trading.
Imports
Goods and services brought into a country from abroad for sale.
Trade Deficit
It occurs when a country's imports exceed its exports over a certain period, leading to more money leaving the country than entering it.
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