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Say you live in Canada and the government is trading with other countries. It is a comparison between how much you trade to how much you sell. If you trade more then you sell then that's a trade deficit. You basically owe money.

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∙ 15y ago

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Related Questions

What do you call a situation that exists when a nations imports are worth more that its exports?

This is called a trade defecit.


Is Japan in a deficit or surplus?

Japan has a defecit of some 100 billion dollars.. Why this is so baffles me. They have a huge trade surplus with the rest of the world Go figure.


How large is the british defecit?

£156 billion


What rhymes with indefinite?

definitelyConsider using these near-rhymes or slant-rhymesintentionally intelligiblyembarrassedly


The exercise phase where lactic acid is being produced?

Oxygen Defecit


Has Syria balanced their budget?

No the Saad family has surplus but the syrian economy is in defecit.


Is there a cure for short attention span?

Yeah, it means you probably have Attention Defecit Disorder(ADD) go consult a doctor.


How much is the defecit?

To provide an accurate answer regarding the deficit, I would need specific context, such as the country or organization in question and the time frame. Deficits can vary significantly based on government budgets, trade balances, or other financial factors. If you can provide more details, I can give a more precise response.


What kind of drinks can a person with attention defecit disorder drink?

Any kind. unless the person is allergic to dairy or other food products


What was the contribution of Margarito Teves to economics?

He oversaw the initiative, undertaken by the Filipino government, to reduce the large budget defecit under the Arroyo administration.


Does a national deficit exist in Latvia?

According to the CIA Factbook Latvia's budget does have a defecit of $57 million but those figures refer to estimates and might not be correct.


Has any team ever won the World Series after losing 3 out of the first 4 games?

No team has ever come back from a 3-0 defecit to win the World Series.

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