ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the value of exports of goods and services minus the value of imports of goods and services.
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U.S. sales of goods and services to the rest of the world.
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U.S. purchases of goods and services from the rest of the world.
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the value of imports of goods and services minus the value of exports of goods and services.
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Detailed explanation-1: -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. A nation that has positive net exports enjoys a trade surplus, while negative net exports indicate that the nation has a trade deficit.
Detailed explanation-2: -Net exports of goods and services is the difference between U.S. exports of goods and services and U.S. imports of goods and services.
Detailed explanation-3: -Net exports are the value of a country’s total exports minus the value of its total imports.
Detailed explanation-4: -Net Exports = Value of Exports – Value of Imports 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-5: -Net export is the amount by which the total value of exports of a country surpasses or exceeds its total value of imports. Net export is an important component of the calculation of the gross domestic product of an economy.