Net export is one of the component for determining a country's GDP
- Net export is derived by deducting the value of total import of goods and services from the value of the exported goods and services
- A Net exports with positive value indicates financial health for a country.
Net Export = Export - Import
Net Exports = $25 billion, Imports = $63 billion and Export = ?
$25 billion = Export - $63 billion
Export = $25 billion + $63 billion
Export = $88 billion
In conclusion, the value of the export is $88 billion.
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It was important because it enabled countries to make steel cheaply and this was then used to make better tools and better machinery and it enabled the industry to prosper. This forced them to become imperialistic in order to get more resources to increase the scope of the revolution even more.
Answer:
a. gold coins
Explanation:
Marco Polo was impressed by the paper money, coal burning and gunpowder in China. But, gold coins are not new to him.
