suppose that a country imports $90 million worth of goods and services and exports $80 million worth of goods and services. what

Question

Ivan

1 year ago

8

suppose that a country imports $90 million worth of goods and services and exports $80 million worth of goods and services. what

is the value of net exports? a. $10 million b. $170 million c. -$10 million d. $80 million

Business

1 answer:

Korolek [52] · Answer 1 · 2024-01-30T16:27:58+03:00

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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