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Question:

Adding together all countries’ imports and all countries’ exports, which statement BEST describes the global balance of trade?

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A The global balance of trade is always zero (neither a surplus nor a deficit).
explanation

This question requires you to apply the concept of balance of trade to the global economy. One country’s exports become another country’s imports, so imports and exports are always in balance when considered on a global scale. The only way the global balance of trade would not be zero is if there were imports or exports to/from another planet.

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