In 2005, DAMA's exports were $30 billion, imports $40 billion, and real GDP $200 billion. DAMA had a trade ________ equal to ________ of GDP in 2005.
A. surplus; 5 percent
B. deficit; 5 percent
C. surplus; 10 percent
D. deficit; 10 percent
Answer:B
In 2005, DAMA's exports were $30 billion, imports $40 billion, and real GDP $200 billion. DAMA had a trade ________ equal to ________ of GDP in 2005.
A. surplus; 5 percent B. deficit; 5 percent C. surplus; 10 percent D. deficit; 10 percent