if-a-country-exports-500-million-worth-of-goods-and-imports-600-million-worth-of

Question

If a country exports $$500 million worth of goods and imports 600 $$million worth of goods, what is the balance on goods?

Accepted Answer

$100 million trade deficit

Answer

$100 million trade surplus

Answer

$1.1 billion trade deficit

Answer

$1.1 billion trade surplus

If a country exports \$500 million worth of goods and imports \$600 million worth of goods, what is the balance on goods?