Suppose a country had net exports of $7.5 billion and sold $44.6 billion of goods and services abroad. This country had
A) $44.6 billion of imports and $52.1 billion of exports.
B) $52.1 billion of exports and $44.6 billion of imports.
C) $44.6 billion of imports and $37.1 billion of exports.
D) $44.6 billion of exports and $37.1 billion of imports.

Question

Quizplus · Accepted Answer

The net exports of $7.5 billion indicate that the value of exports ($44.6 billion) is greater than the value of imports. To calculate the value of imports, we must subtract the net exports from the value of exports:

$44.6 billion - $7.5 billion = $37.1 billion

Therefore, the country had $44.6 billion of exports and $37.1 billion of imports, which corresponds to choice D.

Suppose a Country Had Net Exports of $7