GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Historically, countries at early stages of rapid economic development have tended to experience
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trade deficits and an excess of domestic saving over investment
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trade deficits and an excess of investment over domestic saving
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trade surpluses and an excess of investment over domestic saving
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trade surpluses and an excess of domestic saving over investment
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Explanation:
Detailed explanation-1: -Developed and developing countries If a country’s value of exports is greater than its imports, it creates a trade surplus, ie the country is making money from trade.
Detailed explanation-2: -A country that imports more goods and services than it exports in terms of value has a trade deficit while a country that exports more goods and services than it imports has a trade surplus.
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