Author Question: If a country has a trade deficit of $30 billion, which of the following can be true? (Read 54 times)

savannahhooper · **on:** Apr 19, 2019

Question 1

If a country has a trade surplus of $40 billion, which of the following can be
true?

◦ The country's exports are $160 billion, and its imports are $120 billion.
◦ The country's exports are $110 billion, and its imports are $150 billion.
◦ The country's exports are $120 billion, and its imports are $140 billion.
◦ The country's exports are $140 billion, and its imports are $40 billion.

Question 2

If a country has a trade deficit of $30 billion, which of the following can be
true?

◦ The country's exports are $150 billion, and its imports are $120 billion.
◦ The country's exports are $110 billion, and its imports are $140 billion.
◦ The country's exports are $120 billion, and its imports are $140 billion.
◦ The country's exports are $140 billion, and its imports are $40 billion.

akemokai · **Reply #1 on:** Apr 19, 2019

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