A trade deficit occurs when a country's ________, all else equal.

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A trade deficit occurs when a country's ________, all else equal.

A trade deficit occurs when a country's ________, all else equal.

▸ net factor income from abroad equals zero

▸ net national savings equal zero

▸ net exports are negative

▸ net investment income is negative

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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