In 2018, Country A exported $84.9 billion and imported products valued at $74.69 billion.The difference between the dollar value of its exports and imports represents a:
A)positive exchange rate
B)positive balance of payment
C)trade surplus
D)trade deficit
E)positive countertrade

Question

Quizplus · Accepted Answer

A trade surplus occurs when a country's exports exceed its imports, as is the case with Country A exporting more than it imports.

In 2018, Country a Exported $84