Deficit actually means deficiency or less, while surplus means abundance or more. In financial terms, trade deficit means that the imports of a country or a region are more than its exports; hence the overall trade worth of the respective country or region decreases with passage of time. While trade surplus means that the country or a region exports are greater than its imports, hence the overall trade worth of the respective country or region increases with passage of time.
Answer:
The Answer is
A) A trade surplus is when a country exports more than it imports, while a trade deficit happens when imports exceed exports.
I took this on Edge And I'm sure this is 100% Correct :)))
