The Value of a Country's Exports During a Particular Year

question 181

Multiple Choice

The value of a country's exports during a particular year was $120,000 and the value of its imports was $85,000.Which of the following is true?

• A) The country ran a trade deficit of $35,000 during that year.
• B) The country ran a trade surplus of $35,000 during that year.
• C) The country ran a budget surplus of $205,000 during that year.
• D) The country ran a fiscal deficit of $205,000 during that year.

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