Consider a scenario in which a nation buys goods and services worth $90 million and exports them for $80 million. The net exports are valued at -$10 million.
<h3>What does a nation's net export mean?</h3>
Total exports less total imports for a specific country is the definition of net exports. It is a method of determining the total outlays or GDP of a country in an open economy.
The balance of trade, commercial balance, or net exports refers to the difference between a nation's exports and imports in terms of dollar value over a given time period. It's sometimes made a point to distinguish between a trade balance for goods and one for services.
In the above question, given:
Imports= $90 million
Exports= $ 80 million
Net Export= Total Exports - Total Imports
Net Export= $ 80 million - $ 90 million
Net Export= -$10 million
Learn more about net exports: brainly.com/question/16905557
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