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The Importance Of Trade Deficit In The United States

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A budget deficit is when spending exceeds income, which usually applies to governments. When talking about accumulated federal government deficits, the deficits are referred to as the national debt. Trade deficit is an economic measure of international trade in which a country's imports exceeds its export. Budget deficit and foreign trade deficit are complementary. The United States currently has a great trade deficit which also means that the U.S. has a budget deficit. For the U.S. to be able to borrow money from other countries we must buy more from them than they are buying from us. The value of the U.S. dollar depends on foreign currencies. Foreigners find U.S. goods to be expensive due to the value of the U.S. dollar. Because of this exports
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