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If a country's trade deficit is $200 billion and it exports $300 billion, what i
If a country's trade deficit is $200 billion and it exports $300 billion, what is the total trade value? (2023)
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If a country's trade deficit is $200 billion and it exports $300 billion, what is the total trade value? (2023)
$500 billion
$400 billion
$600 billion
$700 billion
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Total Trade Value = Exports + Trade Deficit = 300 + 200 = $500 billion.
Questions & Step-by-step Solutions
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Q
Q: If a country's trade deficit is $200 billion and it exports $300 billion, what is the total trade value? (2023)
Solution:
Total Trade Value = Exports + Trade Deficit = 300 + 200 = $500 billion.
Steps: 4
Show Steps
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.
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