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If a country's exports are $500 million and imports are $300 million, what is th

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Question: If a country\'s exports are $500 million and imports are $300 million, what is the trade balance?

Options:

  1. $200 million surplus
  2. $200 million deficit
  3. $800 million surplus
  4. $800 million deficit

Correct Answer: $200 million surplus

Solution: 

Trade balance = Exports - Imports = $500 million - $300 million = $200 million surplus.

If a country's exports are $500 million and imports are $300 million, what is th

Practice Questions

Q1
If a country's exports are $500 million and imports are $300 million, what is the trade balance?
  1. $200 million surplus
  2. $200 million deficit
  3. $800 million surplus
  4. $800 million deficit

Questions & Step-by-Step Solutions

If a country's exports are $500 million and imports are $300 million, what is the trade balance?
  • Trade Balance – The trade balance is the difference between a country's exports and imports, indicating whether it has a trade surplus or deficit.
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