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Trade Deficit
A situation where a country's imports of goods and services exceed its exports, leading to negative balance of trade.
Real Exchange Rate
A measure that adjusts the nominal exchange rate by the relative prices of domestic and foreign goods and services, reflecting the purchasing power of two currencies.
Net Exports
The value of a country's total exports minus its total imports, indicating whether a country is a net exporter or importer.
Bankruptcy
A legal status for individuals or entities that cannot repay the debts they owe to creditors, leading to legal proceedings that divide the debtor's assets among creditors.
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