A country's trade balance is determined by comparing the total amount of its exports to its imports.

Question

Quizplus · Accepted Answer

A country's trade balance is calculated by subtracting the total amount of imports from the total amount of exports. If the result is positive, the country has a trade surplus, and if the result is negative, the country has a trade deficit. Therefore, the statement "A country's trade balance is determined by comparing the total amount of its exports to its imports" is true.

A Country's Trade Balance Is Determined by Comparing the Total