Lolmk1056 Lolmk1056

13-01-2020
Business

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Suppose the country of Lilliput exported 263 billion dollars worth of goods while they imported 477 billion dollars worth of goods in the last calendar year. Which type of trade balance is Lilliput running?

(A) a trade deficit
(B) a trade surplus
(C) neither a trade deficit nor a trade surplus

Respuesta :

ewomazinoade ewomazinoade

14-01-2020

Answer:

A) a trade deficit

Explanation:

A trade deficit is when a country imports more than it exports.

$477 billion is greater than $263 billion

A trade surplus is when a country exports more than it imports.

I hope my answer helps you

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