If the United States imports $100 billion worth of goods and services from Mexico and exports $75 billion worth of goods and services to Mexico,then:

Question

Quizplus · Accepted Answer

A trade deficit occurs when a country imports more goods and services than it exports. In this case, the United States is importing $100 billion worth of goods and services from Mexico but only exporting $75 billion worth, resulting in a trade deficit of $25 billion. Therefore, choice B is the correct answer.

If the United States Imports $100 Billion Worth of Goods