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Figure 1.4
Using the figure above, answer the following questions.
-What is the directional term for Label D?
Trade Deficit
A situation where a country's imports of goods and services exceed its exports, leading to a negative balance of trade.
Major Concern
A primary or significant issue that requires attention or resolution within a particular context, such as economy, environment, or society.
China
A country in East Asia, the world's most populous nation, with a long history, rich culture, and rapidly growing economy that plays a significant role in global affairs.
Merchandise Trade Deficit
A country's merchandise trade deficit occurs when its imports of physical goods exceed its exports within a given period.
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