In Econland,exports Equal 15% of Total Output,while Imports Equal 20

question 102

Multiple Choice

In Econland,exports equal 15% of total output,while imports equal 20% of total output.Econland has

• A) a budget surplus.
• B) a budget deficit.
• C) a trade surplus.
• D) a trade deficit.
• E) balanced tradE.

---

Definitions:

Accurate Data

pertains to information that is correct, reliable, and represents facts without errors.

Behavior Development

The process by which individuals acquire or change their behaviors over time through interactions with their environment.

Statistical Analysis

The process of collecting, examining, interpreting, and presenting numerical data to discover underlying patterns and trends.

Specific Criteria

Distinct or particular standards, requirements, or conditions used for making decisions, evaluations, or selections.