If in the year 2000, nation A sold exports worth $5 million and bought imports worth $8 million. The statements that is DEFINITELY true about nation A in the year 2000 is: Trade deficit.
Trade deficit can be defined as the way in which the amount of goods imported into a country is higher that the amount of goods exported at a particular period of time.
Based on the given scenario it is trade deficit because imports worth of the amount of $8 million exceeded exports worth of the amount of $5 million.
Therefore if in the year 2000, nation A sold exports worth $5 million and bought imports worth $8 million. The statements that is DEFINITELY true about nation A in the year 2000 is: Trade deficit.
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