Question

Which statement best describes the trade relationship between the US and Ghana? The US has a trade surplus with Ghana. The US has a trade deficit with Ghana. The US has greater purchasing power parity (PPP) than Ghana. Ghana has greater purchasing power parity (PPP) than the US.

Answer 1

Answer:

- the US has a trade surplus with Ghana

- the US has a greater purchasing power parity (PPP) than Ghana

Explanation:

The US and Ghana have very good relations in multiple sectors, and one of those sectors is the economy. The two countries have been having a constant increase in trade between each other, and the trend keeps on going, with each year bringing in more and more trade between the two. The US has a trade surplus with Ghana, as it exports more to it than it imports, though it is not some very dramatic difference. The main reason why the US has a trade surplus is that it has much more to offer to Ghana, than what Ghana has to offer to the US. Also, the US enjoys a greater PPP, having a much stronger currency, economy, and thus purchasing power, so it can acquire anything that Ghana has to offer to do if needed.

Answer 2

THE ANSWER ON ED2020

A. The US has a trade surplus with Ghana