If a country's exports are worth 5 billion and its imports are ...

[faduma]

If a country's exports are worth 5 billion and its imports are worth 3.9 billion, the country experiences a ________.
 
  A) trade surplus B) budget deficit C) trade deficit D) budget surplus

Question 2

The identity stating that the total amount spent on final output equals the amount received for final output is known as the
 
  A) equation of exchange. B) circular flow identity.
  C) identity equation. D) fundamental law of economics.

[dyrone]

Answer to Question 1

A

Answer to Question 2

A