How much money does the United States lose each year due to the non-local resource trade deficit?

A)

$10 million

B)

$500 million

C)

$1 billion

D)

$300 billion

E)

$1 trillion

Question

Colby

Business

7 May, 22:18

How much money does the United States lose each year due to the non-local resource trade deficit?

A)

$10 million

B)

$500 million

C)

$1 billion

D)

$300 billion

E)

$1 trillion

+1

Answers (2)

Know the Answer?

Echo · Answer 1

The answer is E

Addyson Lang · Answer 2

I think your answer your looking for is E) $1 trillion.

Explanation:

A trade deficit occurs when a nation imports more than it exports. For instance, in 2018 the United States exported $2.500 trillion in goods and services while it imported $3.121 trillion, leaving a trade deficit of $621 billion.

Therefore, I personally think it's E because of this data.

How much money does the United States lose each year due to the non-local resource trade deficit?A)$10 millionB)$500 millionC)$1 billionD)$300 billionE)$1 trillion

How much money does the United States lose each year due to the non-local resource trade deficit?

A)

$10 million

B)

$500 million

C)

$1 billion

D)

$300 billion

E)

$1 trillion