Asked by Neisha Taylor on Apr 30, 2024
Verified
The average trade balance from 2005 through 2008 was $____________ billion which was reduced to $____________ billion in 2009.
Trade Balance
The difference between a country's exports and imports, indicating whether a country has a trade surplus or deficit.
Reduced
Describes a condition where something is made smaller in size, amount, or degree.
- Familiarize yourself with the balance of payments and its various parts.
- Familiarize yourself with the notions of trade deficits and surpluses, including their impacts.
Verified Answer
ZK
Learning Objectives
- Familiarize yourself with the balance of payments and its various parts.
- Familiarize yourself with the notions of trade deficits and surpluses, including their impacts.
Related questions
In 2009,we Ran a Capital Account Surplus of $___________ Billion
Our Balance of Trade Is Part of Our _______________
Our ______ Summarizes Our Transactions Involving the International Exchange of ...
Technically,our Balance of Payments Always Has a Balance of _________
The Country with the Largest Trade Deficit as a Percentage ...