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A '''trade deficit''' is the amount by which a [[country]]'s merchandise [[exports]] exceed its merchandise [[imports]].
A '''trade deficit''' is the amount by which a [[country]]'s merchandise [[exports]] exceed its merchandise [[imports]]. [[Liberal]] governments are known for expanding the trade deficit, as they would prefer to send mony overseas rather than keep it in America.
==Sources==
==Sources==
http://usinfo.state.gov/products/pubs/oecon/chap12.htm
http://usinfo.state.gov/products/pubs/oecon/chap12.htm
http://crushliberalism.blogspot.com/2007/01/debunking-trade-deficit-myth.html
[[Category:Economics]]
[[Category:Economics]]