A ________ Occurs When a Country's Exports Exceed Its Imports

question 115

Multiple Choice

A ________ occurs when a country's exports exceed its imports.

• A) trade deficit
• B) trade surplus
• C) budget surplus
• D) fiscal deficit

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Definitions:

Decimal Places

The digits located after the decimal point in a number, representing parts of ten.

Compounded Continuously

Compounded continuously refers to the calculation of interest earned on an investment or loan where the interest is added perpetually at every possible moment, following the formula \(A = Pe^{rt}\), where \(A\) is the amount, \(P\) the principal, \(r\) the rate, and \(t\) the time.

Saving Account

A type of bank account where money is deposited to earn interest over time.

Decimal Places

The tally of numbers present right of the decimal point in a given number.