Suppose a country had net exports of $8.3 billion and sold $52.4 billion of goods and services abroad.This country had
A)$60.7 billion of imports and $52.4 billion of imports.
B)$60.7 billion of exports and $52.4 of imports.
C)$52.4 billion of imports and $44.1 billion of exports.
D)$52.4 billion of exports and $44.1 billion of imports.

Question

Quizplus · Accepted Answer

Based on the information given, the country sold $52.4 billion of goods and services abroad and had net exports of $8.3 billion. This means that the country imported $44.1 billion ($52.4 billion - $8.3 billion) worth of goods and services. Therefore, the correct answer is D) $52.4 billion of exports and $44.1 billion of imports.

Suppose a Country Had Net Exports of $8