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qwelly [4]
2 years ago
9

Suppose the country of Lilliput exported $205 billion worth of goods and imported $449 billion worth of goods in the last calend

ar year. Calculate Lilliput's net exports. $ billion Lilliput is running a trade surplus. neither a trade deficit nor a trade surplus. a trade deficit.
Business
1 answer:
mart [117]2 years ago
4 0

Lilliput's net exports are ($244 billion).  Therefore, Lilliput is running a trade deficit of $244 billion.

A trade surplus implies that Lilliput's exports are greater in value than its imports. A situation of <em>"neither a trade deficit nor a trade surplus"</em> exists when the exports are equal in value to the country's imports.

Data and Calculations:

Lilliput's exports = $205 billion

Lilliput's imports = $449 billion

Net exports for Lilliput = ($244 billion)

Thus, Lilliput is running a trade deficit of $244 billion because its imports <em>are worth more than its </em><em>exports.</em>

Learn more: brainly.com/question/25520478

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