Novakia is a small country that has abundant natural resources. annually, it exports goods worth $100 billion and imports goods worth $60 billion. also, its annual revenue through taxes is $80 billion and expenditure is $100 billion. in this scenario, what is the balance of trade of novakia? $100 billion

Balance of Trade is $40 billion.

Explanation:

Balance of trade of a country refers to the difference between its total value of exports and total value of imports. If the value of exports is greater than value of imports the country has a surplus balance of trade.

Thus, the country has a balance of trade of $40 billion.

answer; property tax payment made in july and december;