mavila96
contestada

If the value of imports for the current year is $3 billion and the value of exports is $8 billion, what effect will this have on the country’s trade balance? There will be a trade deficit. There will be no effect. There will be a trade surplus. The trade deficit will increase.

Respuesta :

Trade surplus for plato users

Ijeoma28

Answers.

There will be a trade surplus.

Explanation:

Trade balance, also called balance of trade is the difference in the financial value of a country's export and import of goods over a specific period of time. A country's trade balance may be positive or negative. If the value of exports exceed the imports, then the trade is in surplus(positive). Conversely, if the value of imports exceed the value of exports, then there will be a trade deficit( negative).