Question

If Malaland exports $51 billion in goods to Bursia, and Malaland imports $34 billion of goods from Bursia , what is the goods trade balance for Malaland

Answer 1

$17 billion

Step-by-step explanation:

Calculation for what is the goods trade balance for Malaland

Using this formula

Goods trade balance=Exports goods- Imports goods

Let plug in the formula

Goods trade balance=$51 billion- $34 billion

Goods trade balance=$17 billion

Therefore the goods trade balance for Malaland will be $17 billion