What Is An Example Of Trade Deficits? A country’s trade deficit or surplus is calculated by subtracting a country’s imports from its exports. … For example, let’s say that the United Kingdom imported £800 billion (British pounds) worth of goods, while it exported only £750 billion. In this example, the trade deficit, or net exports
What Best Describes The Economic Policy Of Mercantilism? Mercantilism is an economic policy that is designed to maximize the exports and minimize the imports for an economy. … It promotes government regulation of a nation’s economy for the purpose of augmenting state power at the expense of rival national powers. What was the economic policy
When Was The Last Time That The United States Experienced A Trade Surplus? The US last had a trade surplus in 1975. Has the United States had a trade surplus? In 2020, U.S. exports of services were $697.1 billion, which were the lowest since 2012. That exceeded its imports of $460.1 billion, which were the
Does Greece Have A Trade Surplus Or Deficit? Does Greece have a trade surplus or deficit? The statistic shows the trade balance of goods (exports minus imports of goods) in Greece from 2010 to 2020. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2020, the trade deficit