In 2001 Anchovy had imports of $50 billion,exports of $60 billion,and Anchovy's GDP was equal to $300 billion.The trade surplus was what percent of GDP in 2001?
A)3.3%
B)10.0%
C)16.7%
D)20.0%

Question

Quizplus · Accepted Answer

The trade surplus is the difference between exports and imports, which is $60 billion - $50 billion = $10 billion. To find the percentage of GDP, divide the trade surplus by the GDP and multiply by 100: ($10 billion / $300 billion) * 100 = 3.3%.

In 2001 Anchovy Had Imports of $50 Billion,exports of $60