A country's exports are $400 billion, and imports are $700 billion. What is the country's trade balance?
A) $300 billion deficit
B) $300 billion surplus
C) $1100 billion deficit
D) $1100 billion surplus

Question

Quizplus · Accepted Answer

Trade balance is calculated by subtracting imports from exports. In this case, $400 billion - $700 billion = -$300 billion, indicating a deficit.

A Country's Exports Are $400 Billion, and Imports Are $700