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:
I got it wrong for you.......
Explanation:
Answer:
Spanish-American War
Explanation:
This treaty ended the Spanish-American war. This treaty was signed on December 10,1898.
Fort Sumter, Charleston, South Carolina
<span>The British felt that the colonies should pay for the protection they received during and after the war.</span>
