If U.S.imports total $100 billion and exports total $150 billion,which of the following would be true?
A) U.S.net exports equal -$50 billion.
B) The U.S.has a trade surplus of $50 billion.
C) The U.S.has a trade deficit of $100 billion.
D) The U.S.has a trade deficit of $50 billion.
E) The U.S.has a trade surplus of $150 billion.

Question

Quizplus · Accepted Answer

Net exports are calculated as exports minus imports. With $150 billion in exports and $100 billion in imports, the U.S. has a trade surplus of $50 billion.

If USimports Total $100 Billion and Exports Total $150 Billion,which of of the Following