ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The net exports formula subtracts total exports from total imports (NX = Exports-Imports). The goods and services that an economy makes that are exported to other countries, less the imports that are purchased by domestic consumers, represent a country’s net exports.

Detailed explanation-2: -Net exports (Xn) included the value of all exports from a country minus the value of all imports. Xn = X-M. If a country has a trade deficit then the value of imports is greater than the value of a country’s exports and net exports (Xn) is negative.

Detailed explanation-3: -NX = Net exports are the difference between exports and imports. It is the difference between the value of goods and services exported to the rest of the world and the value of goods and services imported from the rest of the world.

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 exports = Total exported goods and services-Total imported goods and services. Net exports as GDP percentage = (Net exports in dollar amount / GDP) x 100. Net imports = Total imported goods and services-Total exported goods and services. 29-Jun-2021