ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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we import more than we export
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we export more than we import
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Either A or B
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None of the above
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Detailed explanation-1: -Argentina reported a trade deficit of USD 484 million in January of 2023, swinging from a USD 371 million surplus in the same month of the prior year and compared to the expected surplus of USD 350 million.
Detailed explanation-2: -If exports exceed imports then the country has a trade surplus and the trade balance is said to be positive. If imports exceed exports, the country or area has a trade deficit and its trade balance is said to be negative.
Detailed explanation-3: -A trade surplus is an economic measure of a positive balance of trade, where a country’s exports exceed its imports. It is the opposite of a trade deficit.
Detailed explanation-4: -Argentina trade balance for 2021 was $15.05B, a 30.04% increase from 2020. Argentina trade balance for 2020 was $11.57B, a 19.7% decline from 2019.