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O Macmillan Learning Suppose the country of Lilliput exported 241 billion worth of goods and...

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O Macmillan Learning Suppose the country of Lilliput exported 241 billion worth of goods and imported 445 billion worth of goods in the last calendar year a Calculate Lilliput s balance of trade b Which type of trade balance is Lilliput running a trade deficit O neither a trade deficit nor a trade surplus O a trade surplus billion

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