In the fiscal year 2015-2016, Nescarto, an African country, imported goods worth $18 million and exported goods worth $20 million. It also borrowed $40 million from other countries. In this scenario, Nescarto had a _____ during 2015-2016.

Question

Quizplus · Accepted Answer

Nescarto had a balance of payments surplus because its exports ($20 million) exceeded its imports ($18 million), and it borrowed an additional $40 million, increasing its financial inflows.

In the Fiscal Year 2015-2016, Nescarto, an African Country, Imported