anonymous
  • anonymous
Which of the following statements would be true if the United States exported $3 billion worth of goods and services and imported $5 billion? It would run a trade deficit of $2 billion. It would run a trade surplus of $2 billion. It would run a balance of payments deficit of $2 billion. It would run a balance of payments surplus of $2 billion.
Mathematics
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Get our expert's

answer on brainly

SEE EXPERT ANSWER

Get your free account and access expert answers to this
and thousands of other questions.

anonymous
  • anonymous
Which of the following statements would be true if the United States exported $3 billion worth of goods and services and imported $5 billion? It would run a trade deficit of $2 billion. It would run a trade surplus of $2 billion. It would run a balance of payments deficit of $2 billion. It would run a balance of payments surplus of $2 billion.
Mathematics
jamiebookeater
  • jamiebookeater
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Get this expert

answer on brainly

SEE EXPERT ANSWER

Get your free account and access expert answers to this
and thousands of other questions

anonymous
  • anonymous
you have to find the cost of importing or exporting. i think?
anonymous
  • anonymous
this means that the US trade exports only $3billion worth of goods and imports $5 billion of goods. This means that there is a trade deficit in the US worth $2 billion
anonymous
  • anonymous
We know the 2nd and 4th answers are wrong for sure.

Looking for something else?

Not the answer you are looking for? Search for more explanations.

More answers

anonymous
  • anonymous
ok i see
anonymous
  • anonymous
ya...i agree..i think its the first one too..
anonymous
  • anonymous
first one...alright
anonymous
  • anonymous
whats the difference between trade deficit and balance of payments deficit
anonymous
  • anonymous
not really sure
anonymous
  • anonymous
then its either a or c
anonymous
  • anonymous
The correct answer is c.) "It would run a balance of payments deficit of $2 billion." A balance of payments deficit basically means that you are spending more than you have in trade/exports. I.E. You are bringing importing more than you export. (value-wise).
anonymous
  • anonymous
~~I may be wrong on that, but I googled the definitions and from what I'm understanding it would be c.
anonymous
  • anonymous
http://en.wikipedia.org/wiki/Balance_of_trade
anonymous
  • anonymous
trade deficit relates only to the import and export. balance of payments deficit relates to import, export, as well as other monetary factors such as bonds, financial accounts, etc.

Looking for something else?

Not the answer you are looking for? Search for more explanations.