Question

In 2018, the country of Brazil, had imports of $78.02 billion and had a favorable balance of trade. This means that Brazil had:_______
a. less than $78.02 billion in exports
b. exactly $78.02 billion in exports
c. more than $78.02 billion in exports
d. low inflation
e. an unfavorable exchange rate

Answer 1

Answer:

c. more than $78.02 billion in exports

Explanation:

The nation of Brazil had imports of $78.02 billion in 2018 and had a positive trade balance. This means that Brazil has exports of greater than $78.02 billion. That if a country's exports go beyond its imports, it is claimed that the country has a positive balance of trade. It indicates that Brazil has exports of greater than $78.02 billion.

Hence, the correct option is c.