My Learning Cart
?
Categories
Account

If a country's trade deficit is $200 billion and it exports $300 billion, what i

₹0.0
Login to Download
  • 📥 Instant PDF Download
  • ♾ Lifetime Access
  • 🛡 Secure & Original Content

What’s inside this PDF?

Question: If a country\'s trade deficit is $200 billion and it exports $300 billion, what is the total trade value? (2023)

Options:

  1. $500 billion
  2. $400 billion
  3. $600 billion
  4. $700 billion

Correct Answer: $500 billion

Exam Year: 2023

Solution: 

Total Trade Value = Exports + Trade Deficit = 300 + 200 = $500 billion.

If a country's trade deficit is $200 billion and it exports $300 billion, what i

Practice Questions

Q1
If a country's trade deficit is $200 billion and it exports $300 billion, what is the total trade value? (2023)
  1. $500 billion
  2. $400 billion
  3. $600 billion
  4. $700 billion

Questions & Step-by-Step Solutions

If a country's trade deficit is $200 billion and it exports $300 billion, what is the total trade value? (2023)
  • Step 1: Identify the amount of exports, which is $300 billion.
  • Step 2: Identify the trade deficit, which is $200 billion.
  • Step 3: To find the total trade value, add the exports and the trade deficit together.
  • Step 4: Calculate the total trade value: $300 billion (exports) + $200 billion (trade deficit) = $500 billion.
  • Trade Deficit – A trade deficit occurs when a country's imports exceed its exports, indicating that it is buying more from other countries than it is selling to them.
  • Total Trade Value – Total trade value is the sum of a country's exports and imports, reflecting the overall economic activity related to trade.
Soulshift Feedback ×

On a scale of 0–10, how likely are you to recommend The Soulshift Academy?

Not likely Very likely
Home Practice Performance eBooks