as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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what is a trade deficit?
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a trade deficit is a situation in which a country imports more goods than it exports. it occurs when the value of the country's exports falls below the value of its imports. it is typically evaluated by looking at the total value of goods and services a country imports and exports over a certain period of time.
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