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 imports?
a.

$60 billion
b.

$40 billion
c.

$35 billion
d.

None of these are correct.

Answer 1

To determine Bolivia's total imports, we need to consider both the goods and services purchased abroad.

From the table:

• Goods purchased abroad (imports) = $40 billion
• Services purchased abroad (imports) = $20 billion

Total imports = Goods imported + Services imported Total imports = $40 billion + $20 billion = $60 billion

Therefore, the answer is: a. $60 billion