Question

Last year, in calculating the GDP of the United States imports were found to be greater than U.S. export. This is known as a Group of answer choices

trade surplus.
trade deficit.
trade imbalance. g

Answer 1

The correct answer is letter "B": trade deficit.

Step-by-step explanation:

A trade deficit occurs when a country's imports over a given period surpass its exports. This means that more will come into the country -being bought- than going out -being sold. Consequently, the country owes more to other countries than is owed to it.

Answer 2

trade deficit.

Step-by-step explanation:

When import is greater than export, it is a trade deficit.

When export is greater than import, it is a trade surplus.

I hope my answer helps you