The value of a country’s exports during a particular year was $120,000

The value of a country’s exports during a particular year was $120,000 and the value of its imports was $85,000. Which of the following is true?

A) The country ran a fiscal deficit of $205,000 during that year.
B) The country ran a trade surplus of $35,000 during that year.
C) The country ran a budget surplus of $205,000 during that year.
D) The country ran a trade deficit of $35,000 during that year.

ANSWER

B