Examlex
Identify which of the following statements is true.
Imports
Goods and services bought from foreign countries for domestic consumption or use.
Exports
Goods or services produced in one country and sold to buyers in another country.
Budget Surplus
A situation where income or revenues exceed expenditures over a specific period of time, typically a fiscal year.
Budget Deficit
A budget deficit happens when a government's expenditures surpass its revenues within a given fiscal period.
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