HELP ASAP WILL GIVE BRAINLIEST

how much money does the united states lose each year due to the non-local resource trade deficit?

A.) 10 million
B.) 500 million
C.) 1 billion
D.) 300 billion
E.) 1 trillion

Answer: D

Explanation: A trade deficit occurs when a nation imports more than it exports. For instance, in 2018 the United States exported $2.500 trillion in goods and services while it imported $3.121 trillion, leaving a trade deficit of $621 billion. Services, such as tourism, intellectual property, and finance, make up roughly one-third of exports, while major goods exported include aircraft, medical equipment, refined petroleum, and agricultural commodities.

The United States of America looses this amount of money annually due to the non-local resource trade deficit: D. 300 billion.

Trade deficit canbe defined as the amount of money by which the cost of a imports in a particular country exceeds the value of its exports. This ultimately implies that, a trade deficit occurs when the imports in a country is greater than exports within a given time period.

In the United States of America, 300 billion dollars are lost on a yearly basis or annually due to the non-local resource trade deficit.

Read more on trade deficit here: https://brainly.com/question/24473707

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WILL GIVE BRAINLIEST
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