Which of the Following Would Result in a Trade Surplus

question 132

Multiple Choice

Which of the following would result in a trade surplus for Canada?

• A)Exports of goods = $450 billion Imports of goods = $400 billion
• Exports of services = $200 billion
• Imports of services = $250 billion
• B)Exports of goods = $450 billion Imports of goods = $450 billion
• Exports of services = $200 billion
• Imports of services = $250 billion
• C)Exports of goods = $450 billion Imports of goods = $460 billion
• Exports of services = $200 billion
• Imports of services = $100 billion
• D)Exports of goods = $450 billion Imports of goods = $490 billion
• Exports of services = $200 billion

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Definitions:

Equity

The residual interest or ownership rights in the assets of a company after deducting its liabilities, often reflected as shareholders' equity.

Assets

Economic resources owned or controlled by a business or individual that are expected to provide future benefits.

Liabilities

Financial obligations or debts owed by a business to external parties or entities.

Retained Earnings

The portion of net earnings kept by the company instead of being paid out to its shareholders in the form of dividends.