Goods and services purchased from foreign sources are known as:

Name: Goods and services purchased from foreign sources are known as:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Goods and services purchased from foreign sources are known as imports. Exports are goods and services produced domestically and sold to foreign countries. Net exports are the result of subtracting imports from exports, and the trade deficit occurs when the value of imports exceeds the value of exports.

Goods and Services Purchased from Foreign Sources Are Known As