In 2018, Country A exported $1.237 billion and imported products valued at $5.552 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

The difference between exports and imports, when imports exceed exports, represents a trade deficit. In this case, Country A imported more than it exported, leading to a trade deficit.

In 2018, Country a Exported $1