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Balance of Trade; Trade Deficit and Trade Surplus
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Balance of Trade; Trade Deficit and Trade Surplus
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22. Balance of Payments / Balance of Trade; Trade Deficit and Trade Surplus / Problem 1
Problem 1
Which of the following scenarios represents a trade surplus?
A
A country exports \$300 million and imports \$700 million.
B
A country exports \$400 million and imports \$600 million.
C
A country exports \$600 million and imports \$400 million.
D
A country exports \$500 million and imports \$500 million.
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