Question

If the United States imports $10 million worth of goods from the Philippines, but the Philippines buys only $5million worth U.S goods, America’s net exports are A.positive $5 million B. Positive$ 10 million C. Negative$ 5 million D. Negative 10 million

Answer 1

America's net exports are a posititve $5 million. Just because The United States imported $10 million from the Philippines, they are still in the postitive as far as what the Philippines purchases. Export and imports are important for different economies and countries because we can all benefit when we sell products we have too much of and gain products we have to little of.