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19.1 Measuring the size of the economy: gross domestic product  (Page 28/29)

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  • Card 28 / 29:
    trade deficit

    exists when a nation's imports exceed its exports and is calculated as imports –exports

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Practice FlashCards 8 Key Terms 16

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Source:  OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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