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Open Economy Macroeconomics — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsOpen Economy Macroeconomics1 Mark
Question
When will the Balance of Trade show a deficit?
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Answer

Deficit in the Balance of Trade occurs when value of export of goods are less than value of import of goods.

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