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

Question

Quizplus · Accepted Answer

A trade surplus occurs when a country's total exports exceed its total imports. In option A, Canada's exports ($450 billion in goods + $200 billion in services = $650 billion) exceed its imports ($400 billion in goods + $250 billion in services = $650 billion), resulting in a trade surplus.

Which of the Following Would Result in a Trade Surplus