If Country X Has a GDP of $1 Trillion and Exports

question 100

Multiple Choice

If country X has a GDP of $1 trillion and exports $200
Billion to country Y and imports $300 billion from country
Y, then its bilateral trade balance with country Y is:

• A)-$100 billion.
• B)$100 billion.
• C)$500 billion.
• D)50%.

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Definitions:

Licensing Board

An authoritative body responsible for overseeing and issuing licenses to individuals and businesses within certain professions, ensuring standards of practice are met.

Professional Letter

A formal piece of correspondence written in a standard format used for communication in professional settings.

Informal Note

A casual or unofficial piece of writing used for personal communication or reminders.

Confidential

Being prudent and conscious, revealed in confidence; secret information—especially in regard to speech.