Asked by
kelsy brown
on Nov 16, 2024
Verified
If the value of an economy's imports exceeds the value of that economy's exports, then net exports is a negative number.
Net Exports
The net trade balance of a country, calculated by subtracting its total imports from its total exports.
Imports
Products and services imported from other countries for the purpose of selling them domestically.
Exports
Products or services that are created in one country and then sold to consumers in a different country.
- Learn how the calculation of GDP includes the sectors of government spending, investment, consumer spending, and net exports.
Verified Answer
EM
Learning Objectives
- Learn how the calculation of GDP includes the sectors of government spending, investment, consumer spending, and net exports.
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