If SA Imports Total R100 Billion and SA Exports Total

question 5

Multiple Choice

If SA imports total R100 billion and SA exports total R150 billion, which of the following would be true?

• A)SA net exports equal R150 billion.
• B)The SA has a trade surplus of R50 billion.
• C)The SA has a trade deficit of R100 billion.
• D)The SA has a trade deficit of R50 billion.

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Definitions:

Economic Concerns

Issues or considerations related to the economy, including factors like inflation, unemployment, and fiscal policy.

Test Statistic

A calculated value from sample data used to make a decision about the validity of a hypothesis in statistical hypothesis testing.

Null Hypothesis

The hypothesis that states there is no significant difference or effect, serving as the default assumption to be tested against.

Poisson Distribution

A statistical function representing the frequencies of an event happening within a set period of time or space.