Suppose the country of Questville imports $8488 worth of goods and services and exports $9742 worth of goods and services. Is Questville running a trade surplus or deficit? OTrade surplus OTrade deficit ONeither Is Questville experiencing a net inflow or outflow of capital? ONet inflow ONet outflow ONeither

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter4: The Aggregate Economy
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Do both questions with proper explanation

Suppose the country of Questville imports $8488 worth of goods and services and
exports $9742 worth of goods and services.
Is Questville running a trade surplus or deficit?
OTrade surplus
OTrade deficit
ONeither
Is Questville experiencing a net inflow or outflow of capital?
ONet inflow
ONet outflow
ONeither
de
Transcribed Image Text:Suppose the country of Questville imports $8488 worth of goods and services and exports $9742 worth of goods and services. Is Questville running a trade surplus or deficit? OTrade surplus OTrade deficit ONeither Is Questville experiencing a net inflow or outflow of capital? ONet inflow ONet outflow ONeither de
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