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Trade Deficit
A condition where a nation's expenditures on imports surpass its earnings from exports, leading to a deficit in the trade balance.
Merchandise Trade Deficit
The situation that occurs when a country imports more goods than it exports, leading to a negative balance of trade.
Merchandise Trade
The act of buying, selling, or exchanging goods and commodities across domestic or international borders.
Merchandise Trade Deficit
A situation where a country's imports of goods exceed its exports of goods, leading to a negative balance in trade for merchandise.
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