(Table) The balance of trade is: $$\begin{array}{l}
\text { Balance of Payments (billions of U.S. dollars) }\
\begin{array} { l c }
\hline \text { Component } & \text { Amount } \
\text { Exports } & \$ 1,800 \
\text { Imports } & 2,300 \
\text { Income received } & 490 \
\text { Income payments } & 540 \
\text { Net transfers } & - 100 \
\text { Increase in foreign-owned } & \
\text { assets in the United States } & 700 \
\text { Increase in U.S.-owned } & \
\text { assets abroad } &100
\end{array}
\end{array}$$

Question

(Table) The balance of trade is: $$\begin{array}{l}
\text { Balance of Payments (billions of U.S. dollars) }\
\begin{array} { l c } 
\hline \text { Component } & \text { Amount } \
\text { Exports } & \$ 1,800 \
\text { Imports } & 2,300 \
\text { Income received } & 490 \
\text { Income payments } & 540 \
\text { Net transfers } & - 100 \
\text { Increase in foreign-owned } & \
\text { assets in the United States } & 700 \
\text { Increase in U.S.-owned } &  \
\text { assets abroad } &100 
\end{array}
\end{array}$$

Quizplus · Accepted Answer

The balance of trade is calculated as exports minus imports. Here, it is $1,800 billion - $2,300 billion = -$500 billion.

(Table) the Balance of Trade Is A) $500 Billion