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7 October, 18:54

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?

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  1. 7 October, 20:43
    0
    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.
  2. 7 October, 22:03
    0
    Answer:8 billion deficit
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