The following table contains hypothetical data for the U.S. balance of payments in a year. Answer the following question on the basis of these data. All figures are in billions of dollars. U.S.
Refer to the table above. The balance of trade in goods and services was:

Question

The following table contains hypothetical data for the U.S. balance of payments in a year. Answer the following question on the basis of these data. All figures are in billions of dollars. U.S. 
Refer to the table above. The balance of trade in goods and services was:

Quizplus · Accepted Answer

The balance of trade in goods and services is calculated by subtracting the value of imports of goods and services from the value of exports of goods and services. In this case, exports of goods and services are $2,200 billion and imports of goods and services are $2,282 billion. Therefore, the balance of trade in goods and services is a deficit of $82 billion.

The Following Table Contains Hypothetical Data for the U