If UK imports total £100 billion and UK exports total £150 billion, which of the following would be true?
A) UK net exports equal £150 billion
B) The UK has a trade surplus of £50 billion.
C) The UK has a trade deficit of £100 billion.
D) The UK has a trade deficit of £50 billion.

Question

Quizplus · Accepted Answer

Net exports are calculated as exports minus imports. Here, £150 billion - £100 billion = £50 billion, indicating a trade surplus.

If UK Imports Total £100 Billion and UK Exports Total