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What is the overall balance of trade for bursia if it exports $42 billion in services and $57 billion in goods?

User JRomero
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Bursia has a positive overall balance of trade of $99 billion.

Calculate the Trade Balance in Goods:

Bursia exports $57 billion in goods and doesn't have any information about imports. Therefore, the trade balance in goods is simply the value of exports:

Trade Balance in Goods = $57 billion

Calculate the Trade Balance in Services:

Bursia exports $42 billion in services and again lacks information about imports. Similar to goods, the trade balance in services is:

Trade Balance in Services = $42 billion

Calculate the Overall Balance of Trade:

To find the overall balance of trade, we combine the balances for goods and services:

Overall Balance of Trade = Trade Balance in Goods + Trade Balance in Services

Overall Balance of Trade = $57 billion + $42 billion

Overall Balance of Trade = $99 billion

User BCarlson
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