Ask Question
BusinessBusiness
17 May, 23:11

In 2018, if the country of Serbia had imports of $10.58 billion and had an unfavorable balance of trade. This means that Serbia had?

+1
Answers (2)
  1. 18 May, 02:37
    0
    Serbia had less than $10.58 billion in exports

    Explanation:

    Given that

    Imports = $10.58 billion

    Unfavourable balance of trade (or trade deficit) refers to the difference between the value of a country's exports and the value of its imports such that imports exceed exports.

    Mathematical,

    Trade deficit (T) = Import (I) - Export (E)

    Make E the subject of formula

    E = I - T

    By substituton

    E = $10.58 billion - T

    From the above mathematical expressions, this means that value of export is less than $10.58 billion.

    So, it's reasonable to conclude that Serbia had less than $10.58 billion in exports
  2. 18 May, 02:55
    0
    In 2018, if the country of Serbia had imports of $10.58 billion and had an unfavorable balance of trade. This means that Serbia had export less.

    Explanation:

    The trade of balance deals with exports and import goods.

    Trade Balance = Exports - Imports.

    As mentioned above formula the trades balance would be more if the export goods ratio is higher than the imported goods.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In 2018, if the country of Serbia had imports of $10.58 billion and had an unfavorable balance of trade. This means that Serbia had? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What does a negative value for unlevered free cash flow imply for the claimants of a firm? Management is doing a bad job The firm must raise capital from the capital markets (e. g., debt, equity), or liquidate internal assets (e. g.
Answers (1)
The central bank requires Southern to hold 10% of deposits as reserves. Southern Bank's policy prohibits it from holding excess reserves. If the central bank sells $25 million in bonds to Southern Bank which of the following will result? A.
Answers (1)
The Reveal Formatting command can only be accessed on the tabs, not the Quick Access Toolbar.
Answers (1)
Suppose during the course of a year an economy produces $20 trillion of consumer goods, $5 trillion of investment goods, $10 trillion in government services, and has $6 trillion of exports and $4 trillion of imports.
Answers (1)
What is a check endorsement?
Answers (1)
New Questions in Business
What are installment accounts?
Answers (1)
During the last two centuries, after adjustment for inflation, a. corporate bonds have yielded an average annual real return of approximately 7 percent, compared to an average real return of about 3 percent for corporate stocks. b.
Answers (1)
Eaton Electronics uses a periodic inventory system. On March 31, Eaton has two plasma TVs on hand at a cost of $1,800 each (serial numbers 11534892 and 11534894).
Answers (1)
When I called about the cost of these items, it was implied that my total would only be $35.00
Answers (1)
EB4. LO 3.1A product has a sales price of $90 and a per-unit contribution margin of $30. What is the contribution margin ratio?
Answers (1)
Home » Business » In 2018, if the country of Serbia had imports of $10.58 billion and had an unfavorable balance of trade. This means that Serbia had?
Sign Up Forgot Password?