If Productovia has exports of $50 billion and imports of $40 billion, it has a trade
A) deficit of $40 billion.
B) deficit of $10 billion.
C) surplus of $10 billion.
D) surplus of $90 billion.

Question

Quizplus · Accepted Answer

Productovia has exports of $50 billion (money earned from selling goods to other countries) and imports of $40 billion (money spent on buying goods from other countries). The difference between exports and imports is called the balance of trade. In this case, the balance of trade is $10 billion, which means that Productovia has a trade surplus.

If Productovia Has Exports of $50 Billion and Imports of $40