CBSE 2019 Class 12 Economics Outside Delhi Set 1
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Question : 16 of 24
Marks:
+1,
-0
Define "Trade Surplus" and "Trade Deficit".
Solution:
Trade surplus refers to the excess of exports of goods over the imports of goods.
Trade deficit refers to the excess of import of goods over the export of goods.
Trade deficit refers to the excess of import of goods over the export of goods.
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