This is Economics:

If a nation's imports for one year are worth $5.2 billion and its exports are worth $5.3 billion the same year, that nation has

a trade deficit, or negative trade balance

a trade surplus, or positive trade balance

a negative balance of payments

a positive balance of payments

Question

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Vance Anderson

13 May, 04:17

This is Economics:

If a nation's imports for one year are worth $5.2 billion and its exports are worth $5.3 billion the same year, that nation has

a trade deficit, or negative trade balance

a trade surplus, or positive trade balance

a negative balance of payments

a positive balance of payments

+3

Answers (1)

Know the Answer?

Davis Bentley · Answer 1

a trade surplus, or positive trade balance

Explanation:

It is said that it has a trade surplus since only in imports and exports, it has a higher export value generating a positive profit condition and that is reflected as a surplus, which is the positive sum of exports versus imports.

This is Economics:If a nation's imports for one year are worth $5.2 billion and its exports are worth $5.3 billion the same year, that nation hasa trade deficit, or negative trade balancea trade surplus, or positive trade balancea negative balance of paymentsa positive balance of payments

This is Economics:

If a nation's imports for one year are worth $5.2 billion and its exports are worth $5.3 billion the same year, that nation has

a trade deficit, or negative trade balance

a trade surplus, or positive trade balance

a negative balance of payments

a positive balance of payments