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of Trade - BOT |
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The largest component of a country's balance of payments. It includes
the export and import of merchandise. Subtracted items include imports,
foreign aid, domestic spending abroad and domestic investments abroad.
While added items are exports, foreign spending in the domestic economy
and foreign investments in the domestic economy.
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Basically
a country has a trade deficit if they import more than they export,
the opposite is true for a trade surplus. |
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Dictionary
