Question

The total value of the goods exported by Maulini, a South American country, in the last fiscal year was lower in comparison to the total value of the goods imported by it. Given this information, Maulini has a _____ in the last fiscal year.

Answer 1

Answer: Trade deficit

Explanation: In simple words, trade deficit is the excess of a country's imports over its exports. The excess of imports means the country has done expenditure more than it has made revenue. This is seen as a negative sign for an economy. The trade deficit is usually calculated for one financial year.

Hence, from the above we can conclude that the answer to the given problem is trade deficit.