ECONOMICS
GDP
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
exports + imports
|
|
|
exports-imports
|
|
|
imports-exports
|
|
|
imports + exports
|
Detailed explanation-1: -Where: Value of exports is the amount of money generated by a given country for goods and services from a foreign market. Value of Imports is the amount of money that the nation has spent on services and goods from other countries.
Detailed explanation-2: -Net Exports = Value of Exports – Value of Imports Where, Value of Exports = Total value of foreign countries spending on the goods and services of the home country.
Detailed explanation-3: -The formula for net exports is a simple one: The value of a nation’s total export goods and services minus the value of all the goods and services it imports equals its net exports.
Detailed explanation-4: -Imports = the value of all goods and services that a country imports. Net Exports = the value of all goods and services that a country exports minus the value of all goods and services that a country imports.
Detailed explanation-5: -GDP = C + I + G + X – M I = Investment expenditure. G = Government expenditure. X = Total exports. M = Total imports.