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    Principles of Macroeconomics
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    Exam 12: Open-Economy Macroeconomics: Basic Concepts
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    A Country's Exports Are $600 Billion,and Imports Are $700 Billion
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A Country's Exports Are $600 Billion,and Imports Are $700 Billion

Question 7

Question 7

Multiple Choice

A country's exports are $600 billion,and imports are $700 billion.What is the country's trade balance?


A) $100 billion deficit
B) $100 billion surplus
C) $1300 billion deficit
D) $1300 billion surplus

Correct Answer:

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