Table 10.3 shows hypothetical transactions,in billions of U.S.dollars,that took place during a year.
Table 10.3.International Transactions of the United States

-Refer to Table 10.3.The merchandise-trade balance registered a deficit of $50 billion.

Question

Table 10.3 shows hypothetical transactions,in billions of U.S.dollars,that took place during a year.
Table 10.3.International Transactions of the United States
 
-Refer to Table 10.3.The merchandise-trade balance registered a deficit of $50 billion.

Quizplus · Accepted Answer

The merchandise-trade balance is calculated as the difference between exports and imports of goods. In Table 10.3, the total value of merchandise imports exceeds the total value of merchandise exports, resulting in a deficit of $50 billion. Therefore, the statement is true.

Table 103 Shows Hypothetical Transactions,in Billions of U