If the value of a country's imports are $46 billion and the value of its exports are $57 billion, then what is the value of its balance of trade?Multiple choice question.–$11 billion$11 billion$103 billionCannot be determined without knowing its exchange rate.

Multiple Choice QuestionA nation's balance of trade refers to Blank______.Multiple choice question.levels of trade in various production sectorsthe difference in value between imports and exportsthe total dollar value of exportsthe total dollar value of imports

How is the balance of trade calculated?Multiple choice question.Imports/ExportsExports + ImportsImports - ExportsExports - Imports

A country exports goods and services valued at $300 million in a year. During that same year, the country imports goods and serves valued at $400 million. Which conclusion best describes the country's balance of trade?A.The country has established a comparative advantage.B.The country has a trade deficit.C.The country has established an absolute advantage.D.The country has a trade surplus.

Consider the following figures: the GDP of an economy is $300 billion, household consumption is $85 billion, government spending is $140 billion, investments are $50 billion and total imports are $100 billion. What will be the value of total exports?$125 billion$75 billion$25 billion$50 billion

Multiple Choice QuestionIn a given year, if U.S. exports total $2.5 billion and U.S. imports total $3.5 billion, what is the balance of trade on goods for that year?Multiple choice question.A $6 billion deficitA $6 billion surplusA $1 billion surplusA $1 billion deficit