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8. (Table: Hypothetical Irish National Income and Product Accounts Data) Ireland is running a: A) trade...

8.

(Table: Hypothetical Irish National Income and Product Accounts Data) Ireland is running a:

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A)

trade deficit.

B)

balance of payments surplus.

C)

trade surplus.

D)

balance of payments deficit.
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Answer #1

8.

Ans: C.

Explanation:

Trade surplus = Exports - Imports = 110 - 60 = 50.

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