Question

A country exported $689,269 worth of goods and imported $3,465,029 worth of goods. What is the trade surplus or deficit?

Answer 1

The country has a trade deficit of -$2,775,760.

Step-by-step explanation:

The country has a trade deficit of -$2,775,760. The trade surplus or deficit is calculated by subtracting the value of imports from the value of exports. In this case, the country exported $689,269 worth of goods and imported $3,465,029 worth of goods. Therefore, the trade deficit is $3,465,029 - $689,269 = -$2,775,760.