In 2018, Rwanda exported $98 million and imported products valued at $243 million.Rwanda has a(n):
A)unfavorable balance of trade
B)negative balance of payment
C)negative balance of trade
D)negative trade deficit
E)positive trade deficit

Question

Quizplus · Accepted Answer

Rwanda's exports were less than its imports, resulting in an unfavorable balance of trade, also known as a negative balance of trade or trade deficit.

In 2018, Rwanda Exported $98 Million and Imported Products Valued