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20 March, 01:21

In 2018, if the country of Serbia had imports of $10.58 billion and had an unfavorable balance of trade. This means that Serbia had?

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Answers (2)
  1. 20 March, 01:32
    0
    Serbia had less than $10.58 billion in exports

    Explanation:

    Given that

    Imports = $10.58 billion

    Unfavourable balance of trade (or trade deficit) refers to the difference between the value of a country's exports and the value of its imports such that imports exceed exports.

    Mathematical,

    Trade deficit (T) = Import (I) - Export (E)

    Make E the subject of formula

    E = I - T

    By substituton

    E = $10.58 billion - T

    From the above mathematical expressions, this means that value of export is less than $10.58 billion.

    So, it's reasonable to conclude that Serbia had less than $10.58 billion in exports
  2. 20 March, 01:43
    0
    In 2018, if the country of Serbia had imports of $10.58 billion and had an unfavorable balance of trade. This means that Serbia had export less.

    Explanation:

    The trade of balance deals with exports and import goods.

    Trade Balance = Exports - Imports.

    As mentioned above formula the trades balance would be more if the export goods ratio is higher than the imported goods.
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