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Merchandise Balance
The difference in value between a nation's imports and exports of tangible goods.
Services Balance
A measure of the difference between a nation's exports and imports of services, part of the broader current account balance.
Trade Deficit
A scenario in which a country buys more goods and services from abroad than it sells to other countries, resulting in a negative trade balance.
Merchandise
Goods or products that are bought, sold, or traded, often in a retail environment.
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