Question

In 2010, a small country imported goods worth $500 billion and exported goods worth $443 billion. it exported services worth $248 billion and imported services worth $330 billion. payments on investments abroad totaled $199 billion, while returns paid on foreign investments were $125 billion. unilateral transfers from the country to other nations amounted to $94 billion. what was the country's merchandise trade deficit for 2010?

Answer 1

In 2010, about

✔ $60.1 billion

worth of goods were shipped to Georgia.

In 2013, about

✔ $37.5 billion

worth of goods were shipped from Georgia.

From 2010 to 2013, the number of imports was

✔ double

the number of exports.

Since 2010, the total number of goods shipped to and from Georgia has

✔ steadily increased

each year.

Step-by-step explanation:

Answer 2

A trade deficit is an economic amount of a negative balance of trade in which a country's imports surpasses its exports. In this problem, imported goods are $500 billion while the exported goods are $443 billion. Deduct the 443 from the 500 to get the trade deficit which is $57 billion.