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

A) balance of trade deficit.
B) balance of payments surplus.
C) balance of trade surplus.
D) balance of payments deficit.

Balance of Trade Deficit

A situation where the value of a country's imports exceeds the value of its exports, resulting in a net outflow of domestic currency to foreign markets.

Balance of Payments Surplus

A situation where the total of a country's exports and incoming funds from other countries exceeds its imports and outgoing funds.

Imports

Goods and services purchased from other countries.