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21 May 2024, 07:01
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A trade deficit is said to occur when the value of a country's imports exceed the value of its exports, that is a country is buying more goods and services than it is selling.
On the other hand a trade surplus is said to occur when the value of a country's exports exceed the value of its imports, that is a country is buying lesser goods and services than it is selling.
On the other hand a trade surplus is said to occur when the value of a country's exports exceed the value of its imports, that is a country is buying lesser goods and services than it is selling.
2
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
5%
(low)
Question Stats:
88% (01:10) correct
12%
(01:27)
wrong
based on 543
sessions
History
Date
Time
Result
Not Attempted Yet
Based on the information above, select for Trade Deficit the number of countries that fall under trade deficit in the year 2007.
| 1 | |
| 2 | |
| 3 | |
| 4 | |
| 5 |
AZ: No
BY: No
EV: No
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
42% (02:12) correct
58%
(01:57)
wrong
based on 729
sessions
History
Date
Time
Result
Not Attempted Yet
Any country that moves to trade surplus from trade deficit in the next year is placed under Positive rating, while any country moving to trade deficit from trade surplus is placed under Negative rating. If there is no change, the country is placed under Neutral rating.
Based on the above information and preceding tables, select Yes if the country is given a Positive rating. Otherwise, select No.
Based on the above information and preceding tables, select Yes if the country is given a Positive rating. Otherwise, select No.
| Yes | No | |
| AZ | ||
| BY | ||
| EV |
ShowHide Answer
Official Answer
AZ: No
BY: No
EV: No
88: No
190: No
300: Yes
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
15%
(low)
Question Stats:
77% (01:08) correct
23%
(01:22)
wrong
based on 516
sessions
History
Date
Time
Result
Not Attempted Yet
For each of the following numbers(in US thousand dollars), select Yes if it represents the trade surplus of any of the five given countries in 2007, according to the information provided. Otherwise, select No.
| Yes | No | |
| 88 | ||
| 190 | ||
| 300 |
ShowHide Answer
Official Answer
88: No
190: No
300: Yes
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24 May 2024, 21:20
Kudos
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Hi, want to check on the q2 for BY
Any country that moves to trade surplus from trade deficit in the next year is placed under Positive rating, while any country moving to trade deficit from trade surplus is placed under Negative rating. If there is no change, the country is placed under Neutral rating.
Initially BY has Export > Import (Trade Surplus)
in 2008, import will increase by 10% to 1120*1.1 = 1232
Hence Import vs Export = 1232 vs 1210 --> Import > Export = trade deficit
BY changed from TS to TD is on the positive rating --> isnt it the answer should be yes?
Any country that moves to trade surplus from trade deficit in the next year is placed under Positive rating, while any country moving to trade deficit from trade surplus is placed under Negative rating. If there is no change, the country is placed under Neutral rating.
Initially BY has Export > Import (Trade Surplus)
in 2008, import will increase by 10% to 1120*1.1 = 1232
Hence Import vs Export = 1232 vs 1210 --> Import > Export = trade deficit
BY changed from TS to TD is on the positive rating --> isnt it the answer should be yes?
25 May 2024, 10:32
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gladysel
The colored portion above mean the same TS to TD, so it would get negative rating
