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? 2.05 Initial spot exchange rate, $/fc Price of exports, dollars ($) Price of imports, foreign currency (fc) Quantity of exports, units Quantity of imports, units Percentage devaluation of the dollar 19.4800 12.7700 150 170 19.00 Calculate the post-devaluation trade balance below: (Round U.S. dollar values to the nearest cent and round foreign currency to two decimal places.) Post-devaluation trade balance Revenues from exports, U.S. dollars Expenditures on imports, foreign currency Expenditures on imports, U.S. dollars Post-devaluation trade balance 2922.00 2170.90 5494.33 1900.96 $