Question

Suppose total U.S. exports in the month of June were $123.8 billion and total imports from foreign countries were $191.5 billion. What was the balance of trade

Answer 1

Answer:

$67.7 billion

Explanation:

Total exports in the month of June is $123.8 billion

The total imports from foreign countries is $191.5 billion

Therefore the balance of trade can be calculated as follows

= $191.5 billion - $123.8 billion

= $67.7 billion

Hence the balance of trade is $67.7 billion