Which of the Following Would Result in a Trade Surplus

question 241

Multiple Choice

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

• 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:

Compounded Monthly

The process where interest is calculated and added to the principal sum on a monthly basis.

End-of-quarter Payments

Payments made at the end of each quarter in the context of loans, leases, or other financial agreements.

Interest Rate

The portion of a total amount of money that is required as payment for borrowing it, typically expressed on a yearly basis.

Compounded Annually

A method where interest is calculated on the initial principal and also on the accumulated interest of previous periods, applied once a year.