If these four countries trade only within this group what


Suppose that the countries of Brazil, Argentina, Ecuador, and Venezuela have interdependent economies. The following table shows the imports and exports between each of these countries. All prices are given in millions of equivalent US dollars.

Country of Origin

Exporting to

Amount ($ 1,000,000)

Brazil         

Argentina

4,691

Brazil

Ecuador

4,791

Brazil

Venezuela

1,526

Argentina

Brazil

1,881

Argentina

Ecuador

1,971

Argentina

Venezuela

2,153

Ecuador

Brazil

3,106

Ecuador

Argentina

3,672

Ecuador

Venezuela

2,018

Venezuela

Brazil

4,535

Venezuela

Argentina

1,577

Venezuela

Ecuador

1,871

If these four countries trade only within this group, what is the difference between the highest balance of trade and the lowest balance of trade?

a.

$6,221,000,000

b.

$5,003,000,000

c.

$3,772,000,000

d.

$2,123,000,000

Solution Preview :

Prepared by a verified Expert
Finance Basics: If these four countries trade only within this group what
Reference No:- TGS01423372

Now Priced at $20 (50% Discount)

Recommended (90%)

Rated (4.3/5)