The balance of trade is a measure of the difference between a country'

The balance of trade is a measure of the difference between a country's total exports and imports of goods and services over a given period of time, usually a year.

If a country's exports are greater than its imports, it has a trade surplus, which means that it is earning more revenue from selling its goods and services abroad than it is spending on buying goods and services from other countries. On the other hand, if a country's imports are greater than its exports, it has a trade deficit, which means that it is spending more on buying goods and services from other countries than it is earning from selling its own goods and services abroad.

The balance of trade is an important indicator of a country's economic performance and is closely watched by policymakers and analysts to assess the health of a country's economy and its position in the global marketplace.

The following line chart presents import and export data of country X.



Choose the most appropriate option from the dropdown menu below based on the information provided above.

I. The import and export data presented in the chart above indicates that the balance of trade of Country X persisted in a state of SelectDeficitSurplusBoth Deficit and SurplusThe information provided is not sufficient to answer. throughout the period from 2010 to 2017.

II. The year Select2012 has least favorable2013 has least favorable2015 has most favorable2016 has most favorable balance of trade.