Question

This is Economics:

If a nation's imports for one year are worth $5.2 billion and its exports are worth $5.3 billion the same year, that nation has




a trade deficit, or negative trade balance


a trade surplus, or positive trade balance


a negative balance of payments


a positive balance of payments

Answer 1

a trade surplus, or positive trade balance

Step-by-step explanation:

It is said that it has a trade surplus since only in imports and exports, it has a higher export value generating a positive profit condition and that is reflected as a surplus, which is the positive sum of exports versus imports.