In 2015/2016, Australia:
A)had a trade surplus due to the booming mining sector.
B)had less income flowing overseas than was coming into Australia.
C)had a trade deficit due to a fall in commodity prices.
D)imported more services than it exported.

Question

Quizplus · Accepted Answer

The statement "had a trade deficit due to a fall in commodity prices" indicates that the value of exports fell due to a decrease in commodity prices, causing a trade deficit. This means that Australia imported more goods and services than it exported, leading to a negative balance of trade. The other options are not supported by the information given in the question.