If a nation's merchandise exports are $55 billion, while its merchandise imports are $50 billion, we can conclude with certainty that this nation is experiencing a:
A)balance of trade surplus.
B)balance of payments surplus.
C)positive balance on current account.
D)positive balance on goods and services.

Question

Quizplus · Accepted Answer

A nation is experiencing a balance of trade surplus when its merchandise exports exceed its merchandise imports. In this case, the nation's merchandise exports are $55 billion, while its merchandise imports are $50 billion, indicating a surplus of $5 billion.

If a Nation's Merchandise Exports Are $55 Billion, While Its