Answered: What is meant by deficit in balance of…

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Economics

What is meant by deficit in balance of payments?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 31RQ: What is the difference between trade deficits and balance of trade?

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