-Refer to the above table. The balance of trade is

Question

Quizplus · Accepted Answer

The balance of trade is calculated by subtracting the total value of imports from the total value of exports. If exports exceed imports, the balance is positive, indicating a surplus. If imports exceed exports, the balance is negative, indicating a deficit. In this case, without the specific values from the table, the correct answer indicates a positive balance of trade of $335, suggesting that exports exceeded imports by this amount.

-Refer to the Above Table