-In the above table, the trade balance on goods and services for Country X is ________ billion dollars.

Question

Quizplus · Accepted Answer

The trade balance on goods and services for a country is calculated by subtracting the total value of imports from the total value of exports. A negative number indicates that the country has imported more than it has exported, resulting in a trade deficit. Conversely, a positive number indicates a trade surplus. In this case, the correct answer is -25 billion dollars, indicating a trade deficit.

-In the Above Table, the Trade Balance on Goods and Services