An economist tracking a country’s imports and exports finds that one year, the country’s imports total an equivalent of $64,821,

Question

3 years ago

11

An economist tracking a country’s imports and exports finds that one year, the country’s imports total an equivalent of $64,821,

824, and its exports total an equivalent of $54,058,726. What is this country’s balance of trade for that year?
a.
trade deficit of $10,763,098
b.
trade deficit of $118,880,550
c.
trade surplus of $10,763,098
d.
trade surplus of $118,880,550

Mathematics

2 answers:

frosja888 [35] · Answer 1 · 2022-05-13T02:34:15+03:00

Answer: A. the answer is A deficit of $10,763,098

Step-by-step explanation

The trade deficit occurs when imports exceed the exports.

A trade surplus occurs is when exports exceed the imports.

In the given case we have trade deficit of:

$64821824 - $54058726 = $10763098

Correct choice is A

Step-by-step explanation:

WITCHER [35] · Answer 2 · 2022-05-13T01:20:34+03:00

Answer:

A. Trade deficit of $10,763,098

Step-by-step explanation:

A trade deficit occurs when imports exceed the exports.
A trade surplus occurs is when exports exceed the imports.

<u>In the given case we have trade deficit of:</u>

$64821824 - $54058726 = $10763098

Correct choice is A