Since the mid-1990s, China has had a trade surplus. What does this mean?

A. China exports more goods and services than it imports.

B. China imports more goods and services than it exports.

C. The total spending of the Chinese government is higher than its revenue.

D. The total spending of the Chinese government is lower than its revenue.

Question

Guest

Business

16 July, 06:05

Since the mid-1990s, China has had a trade surplus. What does this mean?

A. China exports more goods and services than it imports.

B. China imports more goods and services than it exports.

C. The total spending of the Chinese government is higher than its revenue.

D. The total spending of the Chinese government is lower than its revenue.

+3

Answers (2)

Know the Answer?

Aydan Walters · Answer 1

A. China exports more goods and services than it imports.

Explanation:

A trade surplus is when a country has a balance of trade that is positive. The balance of trade refers to the difference between the total exports of the country and the total imports. If a country has a positive balance of trade, it means that the exports are higher than the imports. Because of this, the answer is that the trade surplus China has had means that this country exports more goods and services than it imports.

Leland · Answer 2

I think the answer is a. China exports more goods and services than it imports.