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6 January, 03:58

This is a situation that exists when a country imports more than it exports.

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  1. 6 January, 05:22
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    When a country imports more than it exports it's considered a trade deficit. Hence a trade deficit will exist, or an unbalanced trade

    Explanation:

    If a country exports a greater value than it imports, it has a trade surplus or positive trade balance, and conversely, if a country imports a greater value than it exports, it has a trade deficit or negative trade balance.
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