ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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exports
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productivity
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services
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population
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Detailed explanation-1: -Net exports are a measure of a nation’s total trade. 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-2: -Net exports = Value of exports – Value of imports.
Detailed explanation-3: -Net exports are the value of a country’s total exports minus the value of its total imports.
Detailed explanation-4: -In this equation, exports minus imports (X – M) equals net exports. When exports exceed imports, the net exports figure is positive. This indicates that a country has a trade surplus. When exports are less than imports, the net exports figure is negative.
Detailed explanation-5: -GDP = C + I + G + X – M I = Investment expenditure. G = Government expenditure. X = Total exports. M = Total imports.