ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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consumption
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government
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net exports
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All categories can be negative in value
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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: -According to the Department of Commerce, GDP can be broken down into four categories: personal consumption expenditures, gross private domestic investment, net exports of goods and services, and government consumption expenditures and gross investment. And in case you’re not an economist, here’s what all that means.
Detailed explanation-4: -A positive net export figure shows a country’s trade surplus. It means that the value of the nation’s imports is lower than the value of its exports. A country with a trade surplus receives more money from a foreign market than it spends. A negative net export figure is a trade deficit for a given country.