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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
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?
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