A country's agricultural trade balance (in billion USD) across 3 years is: 2021 (Exports: 40, Imports: 30), 2022 (Exports: 45, Imports: 35), 2023 (Exports: 50, Imports: 45). In which year was the trade surplus largest?
Options:
(A) Both 2021 and 2022 (tie at 10 billion)
(B) 2021 only
(C) 2022 only
(D) 2023 only
Answer Key:
A
Step-by-Step Solution & Explanation
Surplus: 2021 $= 40 - 30 = 10$; 2022 $= 45 - 35 = 10$; 2023 $= 50 - 45 = 5$. 2021 and 2022 tie at 10 billion.