If a nation exports $100 million worth of products and services and imports $68 million worth of products and services, then this nation has a C. trade surplus.
A trade surplus occurs when a country exports more value in products and services than it imports in any fiscal period.
A trade surplus is favorable to the nation but unfavorable to its trading partners, who could have suffered a trade deficit.
For example, for many years, China has enjoyed a trade surplus with the United States.
Thus, if a nation exports $100 million worth of products and services and imports $68 million worth of products and services, then this nation has a C. trade surplus.
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