Question 1
If a country has a trade surplus of $60 billion, which of the following can be
true?
◦ The country's exports are $180 billion, and its imports are $120 billion.
◦ The country's exports are $110 billion, and its imports are $190 billion.
◦ The country's exports are $120 billion, and its imports are $180 billion.
◦ The country's exports are $160 billion, and its imports are $60 billion.
Question 2
If a country has a trade deficit of $50 billion, which of the following can be
true?
◦ The country's exports are $150 billion, and its imports are $100 billion.
◦ The country's exports are $110 billion, and its imports are $160 billion.
◦ The country's exports are $100 billion, and its imports are $50 billion.
◦ The country's exports are $150 billion, and its imports are $60 billion.