A country imported goods and services worth $16 billion and exported goods and services worth $15.7 billion during a particular year.This implies that the country experienced a ________ during that year.

Question

Quizplus · Accepted Answer

The country imported more goods and services than it exported, resulting in a trade deficit. This means that it spent more money on imports than it earned from exports.

A Country Imported Goods and Services Worth $16 Billion and Exported