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A country has a balance of trade of $100 million and a balance of services of -$

Practice Questions

Q1
A country has a balance of trade of $100 million and a balance of services of -$50 million. What is the overall balance?
  1. $50 million surplus
  2. $50 million deficit
  3. $100 million surplus
  4. $100 million deficit

Questions & Step-by-Step Solutions

A country has a balance of trade of $100 million and a balance of services of -$50 million. What is the overall balance?
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