Table 31-1

Question

Bolivian Trade Flows
Goods Services
Purchased Abroad $40 billion Purchased Abroad $20 billion
Sold Abroad $10 billion Sold Abroad $25 billion

Refer to Table 31-1. What are Bolivia’s exports?
a.

None of these are are correct.
b.

$35 billion
c.

$60 billion
d.

$10 billion

Answer 1

In order to determine Bolivia's exports, we need to sum up the export amounts for both goods and services.

From the table:

• Goods sold abroad (exports) = $10 billion
• Services sold abroad (exports) = $25 billion

Now we add these two amounts together:

\[ \text{Total Exports} = \text{Goods Exports} + \text{Services Exports} = 10 \text{ billion} + 25 \text{ billion} = 35 \text{ billion} \]

Thus, Bolivia's total exports amount to $35 billion.

The correct answer is: b. $35 billion