Problem
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.
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Exports to Muffinville
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Imports from Muffinville
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Goods
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$45 billion
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$82 billion
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Services
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$68 billion
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$28 billion
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What is the trade balance between the United States and Muffinville?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.