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Poverty and government in deficit
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By Yinka Olaito
IN economics, we learn a little about balance of trade. This can either be surplus or negative. A surplus is when a country’s export value is greater than its import and a deficit occurs when the country becomes a major consumer leading to higher import and lower or zero export.
As the name implies, a deficit will do a lot of damage to the economy or balance of trade as a whole. This may likely affect a country’s per capita income in the long run. Yes, this may not be the only factor but it may contribute to it. ....

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