Multiple Choice
If UK imports total £100 billion and UK exports total £150 billion, which of the following would be true?
A) UK net exports equal £150 billion
B) The UK has a trade surplus of £50 billion.
C) The UK has a trade deficit of £100 billion.
D) The UK has a trade deficit of £50 billion.
Correct Answer:

Verified
Correct Answer:
Verified
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