GCE Commerce 2025 Objective — Question 20
Question 20 of 50 from the General Certificate of Education (GCE) Commerce 2025 Objective paper, with the correct answer and a full explanation.
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A deficit in the balance of trade occurs when
- A. visible exports exceed visible imports
- B. visible imports exceed visible exportsCorrect
- C. total payments exceed total receipts
- D. total imports exceed total exports
Explanation
A trade deficit occurs when the value of visible imports exceeds the value of visible exports.
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