Homework Help: Economics

Posted by Hu on Thursday, March 13, 2008 at 5:15pm.

Based on the total world trade share with the given information, find the nations deficit or surplus.

country A exports to country B: $35
country A exports to country C: $25
country B exports to country A: $30
country B exports to country C: $25
country C exports to country A: $20
country C exports to country B: $40

Economics - Ms. Sue, Thursday, March 13, 2008 at 5:28pm
A exports = 60; imports = 50; surplus = 10

Continue in this way.

We'll be glad to check your answers.
Economics - Hu, Thursday, March 13, 2008 at 5:51pm
If exports=60 and imports=50 how is 10= surplus? why should it not be a balance or a deficit of 10?

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