n a given year, a country's exports are worth $12 billion and its imports are worth $4 billion. How much is the trade deficit or surplus for this country?

Question

Naima Walton

Geography

12 December, 22:09

n a given year, a country's exports are worth $12 billion and its imports are worth $4 billion. How much is the trade deficit or surplus for this country?

+2

Answers (2)

Know the Answer?

Tobie · Answer 1

Answer: trade surplus is $8 billion

If a country's exports are worth $12 billion and its imports are worth $4 billion, this means that the country has a trade surplus because exports are greater than the imports. The trade surplus for this country is ($12 billion - $4 billion) or $8 billion. This also means that the country's currency demand is higher.

Lucian Ellison · Answer 2

Lucian Ellison 12 December, 22:25

0

Answer:8 billion deficit