When a country's export spending exceeds import spending,the country is experiencing a:

Question

Quizplus · Accepted Answer

When a country's export spending exceeds import spending, it means that the country is exporting more goods and services than it is importing, resulting in a surplus. This is known as a trade surplus. A trade deficit occurs when a country's import spending exceeds export spending. Budget deficit, on the other hand, refers to a situation where a government's spending exceeds its revenue. Therefore, the best choice in this case is B - trade surplus.

When a Country's Export Spending Exceeds Import Spending,the Country Is