Question: The term trade deficit refers to a situation where Multiple Choice 4 1 : 5 3 government spending ( including transfer payments ) exceeds tax

The term trade deficit refers to a situation where
Multiple Choice
41:53
government spending (including transfer payments) exceeds tax revenues.
a nation's purchases from other nations are less than its sales to other nations.
assets are less than liabilities.
exports are less than imports.
The term trade deficit refers to a situation

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