contestada

Suppose that the countries of Finland, Hungary, Poland, and Belgium are economically interdependent. The following table shows exports and imports between these countries, with all monetary values given in millions of euros.

Country of Origin
Exporting to...
Amount (€ 1,000,000)
Finland
Hungary
2,298
Finland
Poland
2,499
Finland
Belgium
3,913
Hungary
Finland
2,614
Hungary
Poland
3,970
Hungary
Belgium
2,380
Poland
Finland
3,496
Poland
Hungary
4,973
Poland
Belgium
2,971
Belgium
Finland
3,023
Belgium
Hungary
3,828
Belgium
Poland
4,656

If these four countries trade only with each other, what is the difference between the highest balance of trade and the lowest balance of trade within this group?
a.
€4,378,000,000
b.
€2,797,000,000
c.
€1,928,000,000
d.
€738,000,000


Please select the best answer from the choices provided

A
B
C
D

Respuesta :

amna04352

Answer:

A

Step-by-step explanation:

Balance of trade:

Finland & Hungary

2,298 - 2,614 = -316

Finland & Poland

2,499 - 3496 = -997

Finland & Belgium

3,913 - 3,023 = 890

Hungary & Poland

3,970 - 4973 = -1,003

Hungary & Belgium

2,380 - 3,828 = -1,448

Poland & Belgium

2,971 - 4,646 = -1,685

Balance of trade:

Finland: -423

Hungary: -2135

Belgium: 2,243

Poland: 315

Highest: 2,243

Lowest: -2,135

Difference:

2243 - (-2135) = 4378

abiolataiwo2015

The difference between the highest balance of trade and the lowest balance of trade within this group is: a.€4,378,000,000.

Balance of trade

Balance of trade (€ 1,000,000)

Finland & Hungary=2,298 - 2,614

Finland & Hungary = -316

Finland & Poland=2,499 - 3496

Finland & Poland= -997

Finland & Belgium=3,913 - 3,023

Finland & Belgium = 890

Hungary & Poland=3,970 - 4973

Hungary & Poland = -1,003

Hungary & Belgium=2,380 - 3,828

Hungary & Belgium = -1,448

Poland & Belgium=2,971 - 4,646

Poland & Belgium= -1,685

Hence:

Finland=-316+(997)+890

Finland=-423

Hungary=316+(1,003)+(1,448)

Hungary= -2135

Belgium=890+(1,448)+(1,685)

Belgium=2,243

Poland=315

Difference between the highest and the lowest balance of trade:

Belgium= 2,243

Hungary= -2,135

Difference=2243 - (-2135)

Difference=€4,378,000,000

Inconclusion the difference between the highest balance of trade and the lowest balance of trade within this group is: a.€4,378,000,000.

Learn more about balance of trade here:https://brainly.com/question/780414