Business, 15.04.2020 22:09 ike9264

Suppose the country of Lilliput exported $ 293 billion worth of goods and imported $ 405 billion worth of goods in the last calendar year. Calculate Lilliput's balance of trade. $ −112 billion Which type of trade balance is Lilliput running?

neither a trade deficit nor a trade
surplus a trade
surplus a trade deficit

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Suppose the country of Lilliput exported $ 293 billion worth of goods and imported $ 405 billion wor...