Thank you for visiting Last year the U S exported 2 trillion in goods and imported 2 5 trillion in goods What is the value of net exports A. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
The value of net exports in this scenario is -0.5 trillion. So the correct option is A.
The value of net exports can be calculated by subtracting the value of imports from the value of exports. In this case, the U.S. exported 2 trillion in goods and imported 2.5 trillion in goods.
To find the net exports, we subtract the value of imports (2.5 trillion) from the value of exports (2 trillion).
2 trillion - 2.5 trillion = -0.5 trillion
Therefore, the value of net exports is -0.5 trillion.
Net exports represent the difference between the value of goods a country exports and the value of goods it imports. When the value of imports exceeds the value of exports, net exports are negative, indicating a trade deficit. In this case, the U.S. has a trade deficit of -0.5 trillion.
It's important to note that negative net exports mean a country is importing more than it is exporting, which can have implications for the country's economy. This deficit may impact factors such as employment, exchange rates, and overall economic growth.
Learn more about trade deficit from this link:
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