The answer is: United States would have a deficit of $11 billion in the given year.
A trade surplus occurs when a country exports more than it imports. On the other hand, a deficit is when a country imports more products than it exports.
In the above example, the United States is exporting only $5 billion of goods but importing $16 billion of products. This means that the total trade deficit in the example is 16-5 = $11 billion.
This actually represents the current situation of the United States where it has a significant trade deficit with many major economies in the world, most noticeably with China.
Answer:
In the 1800's. If you wanna be really specific, it's the late 1790's.
To the current date, Uranus is believe to have rings made of Dust.
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A proposal for unifying colonial government presented at the Albany Congress by Benjamin Franklin and Thomas Hutchinson. The plan called for a limited governmental agency, representing all the colonies, that would coordinate defense and indian affairs. The delegates approved the plan, neither the colonial governments nor the British supported the proposal.
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Who started?
Who were involved?
Who gain or lose power?
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