If a country has a trade surplus of $60 billion, which of the following can be true?
A) The country's exports are $180 billion, and its imports are $120 billion.
B) The country's exports are $110 billion, and its imports are $190 billion.
C) The country's exports are $120 billion, and its imports are $180 billion.
D) The country's exports are $160 billion, and its imports are $60 billion.

Question

Quizplus · Accepted Answer

A trade surplus of $60 billion means the country's exports exceed its imports by $60 billion. In option A, exports ($180 billion) minus imports ($120 billion) equals $60 billion, matching the condition.

If a Country Has a Trade Surplus of $60 Billion