Suppose a country had $3.5 billion of net exports and bought $6.8 billion of goods and services from foreign countries. This country would have
A) $10.3 billion of exports and $6.8 billion of imports.
B) $10.3 billion of imports and $6.8 billion of exports.
C) $6.8 billion of exports and $3.5 billion of imports.
D) $6.8 billion of imports and $3.5 billion of exports.

Question

Quizplus · Accepted Answer

Net exports are calculated as exports minus imports. If net exports are $3.5 billion and imports are $6.8 billion, then exports must be $10.3 billion (since $10.3 billion - $6.8 billion = $3.5 billion).

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