If a nation's exports are $55 billion,while its imports are $50 billion,we can conclude with certainty that this nation is experiencing a

A) balance of trade surplus.
B) balance of payments surplus.
C) positive balance on current account.
D) positive balance on capital account.

Question

Donald Howard · Accepted Answer

Final Answer : A, Explanation :  A balance of trade surplus occurs when a country's exports exceed its imports. In this case, the nation's exports are $55 billion, while its imports are $50 billion, meaning that there is a surplus of $5 billion on the trade account.

If a nation's exports are $55 billion,while its imports are $50 billion,we can conclude with certainty that this nation is experiencing a

A) balance of trade surplus.
B) balance of payments surplus.
C) positive balance on current account.
D) positive balance on capital account.

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Learning Objectives

Related questions

If a nation's exports are $55 billion,while its imports are $50 billion,we can conclude with certainty that this nation is experiencing aA) balance of trade surplus.B) balance of payments surplus.C) positive balance on current account.D) positive balance on capital account.

Definitions

Learning Objectives

Learning Objectives

Related questions

If a nation's exports are $55 billion,while its imports are $50 billion,we can conclude with certainty that this nation is experiencing a

A) balance of trade surplus.
B) balance of payments surplus.
C) positive balance on current account.
D) positive balance on capital account.