Trade deficit could be defined as , An economic measure of a negative balance of trade in which a country's imports exceeds its exports. A trade deficit represents an outflow of domestic currency to foreign markets.
This answer is chosen as the best answer for this question.
2.
The difference between the monetary value of exports and imports is called trade balance. When this figure is negative it is referred to as trade deficit. Of course trade deficit is an unfavorable balance of trade implying importing more than exporting.
This answer is chosen as the best answer for this question.
6.
Trade deficits generated in tradeable goods such as manufactured goods or software may impact domestic employment to different degrees than trade deficits