The Primary Problem with a Trade Deficit Is

question 51

Multiple Choice

The primary problem with a trade deficit is

• A)that a country is exporting more than it is importing.
• B)that more cash is leaving the country than is entering.
• C)that a country is spending more than saving.
• D)that a country is saving more than spending.
• E)export taxes.

---

Definitions:

Employment Growth

The increase in the number of people who are employed in a country or region over a set period.

Real GDP Per Capita

Real GDP per capita measures the economic output of a country adjusted for inflation and divided by the total population, providing an average economic well-being indicator.

Standard Of Living

denotes the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Nominal GDP

Refers to the gross domestic product measured at current market prices, without adjusting for inflation.