Trade Deficits and J$-$Curve Adjustment Paths. Assume the United States has the following import$/$export volumes and prices: $.$ It undertakes a major "devaluation" of the dollar, say $18\%$ on average against all major trading partner currencies. What is the pre$-$devaluation and post$-$devaluation trade balance?

What is the pre$-$devaluation trade balance?

The revenues from exports are $ $-($Round to the nearest cent.$)$

The expenditures on imports in foreign currency are fc $($Round to two decimal places.$)$

The expenditures on imports in U$.$S$.$ dollars are $$2880.($Round to the nearest cent.$)$

Calculate the pre$-$devaluation trade balance below: $($Round U$.$S$.$ dollar values to the nearest cent and round foreign currency to two decimal places.$)$

$\backslash$table$[[$Pre$-$devaluation trade balance,,$],[$Revenues from exports, U$.$S$.$ dollars,$$,2,000\mathrm{.}00$