During a particular year,a country imported goods and services worth $10 billion and exported goods and services worth $11.1 billion.This implies that the country experienced a ________ during that year.

Question

Quizplus · Accepted Answer

The country has a trade surplus, as it exported more goods and services than it imported. A trade deficit would occur if the opposite were true, where the country imports more than it exports. A budget deficit or surplus is unrelated to this situation, as it pertains to government spending and revenue.

During a Particular Year,a Country Imported Goods and Services Worth