Question

Resorto, a European country, exported sugar worth $600 million between 2015 and 2016 and imported tea worth $750 million during the same period. In this scenario, Resorto most likely had a _____ between 2015 and 2016.

Answer 1

Answer:

trade deficit.

Explanation:

the correct answer is the trade deficit.

Resorto, a European country, when exports sugar of $600 and import a tea of $750 during the same period is a case of trade deficit.

trade deficit is the difference between the imported material and exported material.

If a countries trade deficit is more it is not good for the countries economy.