Examlex
Which of the following would contribute to a Canadian balance of payments deficit?
Trade Deficit
Occurs when a country's imports exceed its exports, leading to a negative balance in trade.
Balanced Trade
A trade situation in which the value of a country's exports equals the value of its imports over a certain period.
Net Exports
The value of a country's total exports minus the value of its total imports.
Trade Surplus
The amount by which the value of a country's exports exceeds the cost of its imports.
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