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Jake, age 11 months, is able to pick up cereal and bits of fruit off the tray of his high chair by grasping them with his thumb and forefinger. Jake has developed the
Trade Deficit
A condition where the value of a nation's imports surpasses that of its exports, leading to a trade deficit.
Exports
Goods or services sold by one country to purchasers in another country.
Imports
Goods or services brought into a country from abroad for sale, which can impact a nation's balance of trade.
Trade Deficit
A situation where a country's imports of goods and services exceed its exports, resulting in a negative balance of trade.
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