Trade balance between the united states and muffinville

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Reference no: EM131805633

Suppose the United States is trading with a new country, Muffinville. The amount of imported and exported goods and services from the United States to Muffinville is shown below.

Exports to Muffinville Imports from Muffinville
Goods $45 billion $82 billion
Services $68 billion $28 billion

What is the trade balance between the United States and Muffinville?

-$37 billion
$3 billion
$37 billion

Reference no: EM131805633

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