Asked by
Taylor Morton
on Oct 13, 2024
Verified
Net exports are negative when
A) a nation's imports of goods exceeds its exports.
B) a nation's imports of services exceeds its exports.
C) a nation's exports of goods and services exceeds its imports.
D) a nation's imports of goods and services exceeds its exports.
Net Exports
The value of a country's total exports minus its total imports; it can be a positive number (trade surplus) or a negative number (trade deficit).
Imports
Products or services imported into a country from another for the purpose of selling or utilization.
- Comprehend the constituents of GDP and the role of net exports in the economy.
Verified Answer
AB
Learning Objectives
- Comprehend the constituents of GDP and the role of net exports in the economy.