Suppose that a country imports $120 million worth of goods and services and exports $160 million worth of goods and services. What is the value of net exports?

A) $10.0 million
B) $20 million
C) −$40 million
D) $40 million

Net Exports

The value of a country's total exports minus its total imports, indicating whether a country is in a trade surplus or deficit.

Imports

Goods and services brought into a country from abroad for sale.

Exports

Goods and services produced in one country and sold to buyers in another, contributing to a country's GDP.