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 19% on average against all major trading partner currencies. What is the pre-devaluation and post-devaluation trade balance? Initial spot exchange rate, $/fc 2.10 Price of exports, dollars ($) 19.9600 Price of imports, foreign currency (fc) 10.6100 Quantity of exports, units 110 Quantity of imports, units 130 Percentage devaluation of the dollar 19.00 What is the pre-devaluation trade balance? The revenues from exports are $ . (Round to the nearest cent.)