When the dollar value of a country's imports of final products is less than the dollar value of its exports,the country has a

A) balance of trade deficit.
B) budget surplus.
C) budget deficit.
D) balance of trade surplus.
E) None of the choices is true.

Budget Surplus

When federal tax receipts are greater than federal government spending.

Budget Deficit

A budget deficit occurs when an entity, typically a government, spends more money than it receives in revenue over a specific period.

Exports

Goods or services sent to another country for sale.