Suppose that lebanon has placed tariffs on its imports and exports. the import tariff is 13%, and the export tariff is 8%. if lebanon has a balance of trade of (equivalent us dollars) $5,510,000 and received tariff revenue of $4,019,200, what are its imports and exports worth?
a.
$30,916,923 in imports, $50,240,000 in exports
b.
$17,040,000 in imports, $22,550,000 in exports
c.
$6,226,300 in imports, $5,950,800 in exports
d.
$4,793,700 in imports, $5,069,200 in exports

b.  $17,040,000 in imports, $22,550,000 in exports

Step-by-step explanation:

The balance of trade can be calculated by subtracting the import from the export.

Mathematically,

The balance of trade is given as $5,510,000.

  ----------------------1

The import tariff is 13%, and the export tariff is 8% and received tariff revenue of $4,019,200. So

 ------------2

Putting the value of E from equation 1 into equation 2,

Putting this in equation 1,

hiking down a winding trail.

step-by-step explanation: