Asked by Natalie Vande Linde on Jul 04, 2024
Verified
Statement I: Net exports is a negative number if exports exceed imports.
Statement II: G is the largest sector of GDP.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Net Exports
The difference between a country's total value of exports and its total value of imports.
- Acquire insight into the critical importance of net exports and their contribution towards the formulation of Gross Domestic Product.
Verified Answer
EE
edgar estradaJul 04, 2024
Final Answer :
D
Explanation :
Statement I is false because net exports would be a positive number if exports exceed imports. Statement II is false because the largest sector of GDP is typically consumption (C), not government spending (G).
Learning Objectives
- Acquire insight into the critical importance of net exports and their contribution towards the formulation of Gross Domestic Product.