The equations set in the beta economy are as follows:Y=7,000G=1,500T=1,200C=200+0.8(Y−T)I=1,200−4,000rNX=400−600ϵr=r∗=0.04​In a beta economy, which of the following options correctly describes the balance of trade?A.A. The economy has a trade surplus of 380 units.B.B. the economy has a trade deficit of 380 units.C.C. the economy has a zero trade balance.D.D. the economy has a trade deficit of 760 units.

A country exports goods and services valued at $300 million in a year. During that same year, the country imports goods and serves valued at $400 million. Which conclusion best describes the country's balance of trade?A.The country has established a comparative advantage.B.The country has a trade deficit.C.The country has established an absolute advantage.D.The country has a trade surplus.

The following information describes an open economyC =60 +0.8Yd ; Yd = Y-T+ TR ; I= 100-5i ; i= 6; G =76; T =; 15; TR =60; X= 70; M= 12+0.2Y; i. Derive the IS equationli. Calculate equilibrium level of incomeiii. Calculate #foreign_trade_multiplieriv. At equilibrium whether the country enjoy a trade surplus or deficit? What is the size of trade surplus/deficit?v. If the government's expansionary monetary policy reduces the interest rate to 4 percent; what would be the impact of this policy change on the economy?

If the value of a country's imports are $46 billion and the value of its exports are $57 billion, then what is the value of its balance of trade?Multiple choice question.–$11 billion$11 billion$103 billionCannot be determined without knowing its exchange rate.

How is the balance of trade calculated?Multiple choice question.Imports/ExportsExports + ImportsImports - ExportsExports - Imports

Which of the following refers to the situation when a country's imports exceed its exports? Question 10Answer a. Trade deficit b. Trade surplus c. Trade advantage d. Balance of payments e. Balance of trade