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If the value of imports for the current year is $3 billion and the value of exports is $8 billion, what effect will this have on the country’s trade balance?
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If the value of imports for the current year is $3 billion and the value of exports is $8 billion, what effect will this have on the country’s trade balance?

User Honibis
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Answer:

See image

Step-by-step explanation:

Plato

If the value of imports for the current year is $3 billion and the value of exports-example-1
User Auhmaan
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Trade balance is calculated by subtracting imports from exports. In this case, exports are higher than imports which means we have a favorable trade balance. If imports were more than exports, you would have a negative trade balance.

User Ujjwal Wadhawan
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