The United States imports many goods from Japan, including automobiles, electronics, and medical instruments. But we also export many services to Japan, such as financial and travel services. The table below reflects trade between the United States and Japan in 2014. (All figures are in billions of U.S. dollars.)

QUESTION: Using the data shown above, how would you compute the U.S. goods trade balance with Japan? Is the balance a surplus or a deficit?

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Exports to Japan Imports from Japan Goods Services $20 $103 47 31