Asked by Kendrick Brown Jr. on May 14, 2024
Verified
Net exports of a country are the value of
A) goods and services imported minus the value of goods and services exported.
B) goods and services exported minus the value of goods and services imported.
C) goods exported minus the value of goods imported.
D) goods imported minus the value of goods exported.
Net Exports
The sum total of a country's exports minus its imports, showcasing the balance of trade.
Goods And Services
The output of economic activity; goods are tangible items, while services are intangible acts or efforts.
- Comprehend the essential elements of net exports and their influence on a nation's economic health.
Verified Answer
KM
Krsna MarieMay 18, 2024
Final Answer :
B
Explanation :
Net exports are calculated as the total value of a country's exports of goods and services minus its imports of goods and services. This reflects the balance of trade between a country and its trading partners.
Learning Objectives
- Comprehend the essential elements of net exports and their influence on a nation's economic health.