Japan exported $746 Bn worth of goods and imported goods worth $897 Bn during 2022. Japanese GDP is $4.2 Tr in 2022 Which of the following is correct?
Added by Agust-N H.
Step 1
To calculate the trade balance, we subtract the value of imports from the value of exports. Trade balance = Exports - Imports Trade balance = $746 Bn - $897 Bn Trade balance = -$151 Bn Therefore, Japan had a trade deficit of $151 billion in 2022. Show more…
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