Asked by Dalvin Mitchell on Jul 27, 2024
Verified
In 2018, the United States' balance on goods was
A) −$891 billion.
B) +$891 billion.
C) −$486 billion.
D) +$1,672 billion.
Balance on Goods
The difference in value between a country's imports and exports of goods.
- Comprehend the principle of the balance of payments and its constituent elements.
Verified Answer
AS
Ashley SartinJul 29, 2024
Final Answer :
A
Explanation :
In 2018, the United States' balance on goods was negative, amounting to approximately -$891 billion. This reflects the deficit in trade of goods, where the value of imports significantly exceeded the value of exports.
Learning Objectives
- Comprehend the principle of the balance of payments and its constituent elements.