If U.S.imports total $100 billion and U.S.exports total $150 billion,which of the following is correct?
A)The U.S.has a trade surplus of $100 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.

Question

Quizplus · Accepted Answer

A trade surplus occurs when exports exceed imports. Here, exports ($150 billion) are greater than imports ($100 billion), resulting in a trade surplus of $50 billion.

If USImports Total $100 Billion and U