If a country pays out more money to other countries than it receives from other countries, what type of balance of payments does it have?

deficit

comparative advantage

export

free trade

Question

Mathematics

Eduardo Carter

27 October, 01:51

If a country pays out more money to other countries than it receives from other countries, what type of balance of payments does it have?

deficit

comparative advantage

export

free trade

+4

Answers (1)

Know the Answer?

Barton · Answer 1

Hello from MrBillDoesMath!

Answer: deficit

Dictionary definition: "an excess of expenditure or liabilities over income or assets in a given period."

Regards, MrB

If a country pays out more money to other countries than it receives from other countries, what type of balance of payments does it have?deficitcomparative advantageexportfree trade

If a country pays out more money to other countries than it receives from other countries, what type of balance of payments does it have?

deficit

comparative advantage

export

free trade