If a Nation Is Running a Trade Deficit, It Is

question 130

Multiple Choice

If a nation is running a trade deficit, it is

• A) spending more on public services than it is raising in tax revenues.
• B) worse off as the result of its trade with foreign countries.
• C) importing more goods and services than it exports.
• D) encountering a balance of payments disequilibrium.

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Definitions:

Home Market Value

The estimated price at which a home would sell under current market conditions.

Scatter Diagram

A graph used in statistics to display values for typically two variables for a set of data, showing the relationship between them.

Pie Chart

A circular statistical graphic divided into slices to illustrate numerical proportion, where each slice corresponds to a category's contribution to the whole.

Data

Factual information used as a basis for reasoning, discussion, or calculation, often numerical.