In 2010, Albania exported $340 million and imported products valued at $1.5 billion. What does the difference between the dollar value of its exports and imports represent?

Question

Quizplus · Accepted Answer

The difference between the dollar value of Albania's exports and imports represents its trade deficit, which indicates that the country imported more goods and services than it exported, leading to a negative balance of payment.

In 2010, Albania Exported $340 Million and Imported Products Valued