In calculating the nation's total output, net exports do not
A)represent exports of goods and services minus imports of goods and services.
B)have been a negative number in the last several years.
C)would include purchases of U.S.-made automobiles by foreigners minus purchase of foreign-made automobiles by U.S.residents.
D)have been positive since global trade as expanded.

Question

Quizplus · Accepted Answer

Net exports represent the difference between a country's exports and imports. It's possible for net exports to be negative if a country imports more than it exports, which has been the case for many countries in recent years. The statement that net exports have been positive since global trade expanded is incorrect, as the balance of trade (net exports) can be either positive or negative depending on the country and specific time period.

In Calculating the Nation's Total Output, Net Exports Do Not