If a Country Had a Trade Deficit of $10 Billion

question 77

Multiple Choice

If a country had a trade deficit of $10 billion and then its exports rose by $20 billion and its imports rose by $10 billion,its net exports would now be

• A)$0
• B)$10 billion.
• C)-$10 billion.
• D)-$20 billion.

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Definitions:

Government Agencies

Official organizations at the federal, state, or local level that administer and oversee specific functions or areas of public interest.

Product Pricing

The process of determining the financial value at which a product will be sold to consumers, balancing cost, demand, and profit objectives.

Variable Cost Concept

A cost that varies directly with the level of production or sales, such as materials and labor.

Unit Selling Price

The amount of money charged for selling one unit of a product or service.