[Solved] If a country has a negative Balance of Trade, it means: — Ans: Imports of goods are greater than exports of goods | Economic Awareness

Economic Awareness - Sectors of Indian Economy

If a country has a negative Balance of Trade, it means:

AImports of goods are greater than exports of goods

BExports of goods are greater than imports of goods

CExports and imports of goods are equal

DExports of services exceed imports of services

Step-by-Step Solution

Step 1: Understand negative Balance of Trade
A negative Balance of Trade indicates a trade deficit where imports exceed exports of goods.
Step 2: Analyze options
Imports of goods are greater than exports of goods correctly states imports are greater than exports. Other options either describe surplus or irrelevant service trade.
Final Answer:
Imports of goods are greater than exports of goods → Option A
Quick Check:
Negative Balance of Trade = imports > exports of goods ✅

Quick Trick: Negative BOT = Trade Deficit.

Common Mistakes:

MISTAKES

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