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Q: Which of terms was one of the causes of the growing US trade deficit?
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Which of these was one of the causes of the growing U.S trade deficit?

the rise in the cost of imported oil


One of the causes of the growing US trade deficit was?

the rise in cost of imported oil


What is trade deficite?

trade deficit occurs when? trade deficit occurs when?


Is India a trade deficit or trade surplus?

deficit


Does US have a deficit or trade surplus?

Trade deficit


Which of these terms means the amount of goods sold abroad compared to what is bought abroad?

a trade deficit


Did the US have a trade surplus or deficit?

The USA has a trade deficit.


Does the UK have a trade surplus or trade deficit?

It has a surplus in trade of invisibles, and a deficit in trade of visibles.


What was one of the causes of the growing US trade deficit?

The reasons may be attributed to exit of conventional industries, increase in defence budgetary expenditure and so on. There are other reasons as well which are not so relevant than the above two.


What does it mean for a country to have a trade deficit or surplus?

If a given country imports a greater amount of products of whatever sort (in terms of the money that it pays for them) than it exports (in terms of the money that it receives for them), then its money supply is diminishing, and it has a trade deficit. If, on the contrary, it exports more than it imports, then its money supply will increase, and it has a trade surplus.


Does Italy have a trade deficit or a trade surplus?

Germany currently has a trade surplus. COOL HUH !


What is visible trade deficit?

visible trade deficit occurs when import expenditure exceeds the export revenue.