If Canada's exports totaled $8 billion and its imports totaled $12 billion, then Canada's balance of trade would be a surplus of $4 billion dollars.

Name: If Canada's exports totaled $8 billion and its imports totaled $12 billion, then Canada's balance of trade would be a surplus of $4 billion dollars.
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

The difference between exports and imports ($8 billion - $12 billion) is -$4 billion, which means Canada has a trade deficit, not a surplus.

If Canada's Exports Totaled $8 Billion and Its Imports Totaled