If a country sells $55 billion in products while importing $50 billion in goods, we can be guaranteed that this country has a surplus in the goods balance of trade.
The difference between the monetary value of a country's exports and imports over a specific time period is known as the balance of trade, commercial balance, or net exports. A distinction between a trade balance for products and one for services is occasionally drawn. A flow of exports and imports over a specific time period is measured by the balance of trade. The term "balance of commerce" does not necessarily imply that imports and exports are "equally balanced." A country has a trade surplus or positive trade balance if it exports more than it imports; on the other hand, a country has a trade deficit or negative trade balance if it imports more than it exports.
Learn more about trade from
brainly.com/question/13920736
#SPJ4