If an economy's exports are $560 billion and its net exports are -$130 billion,its imports are

Name: If an economy's exports are $560 billion and its net exports are -$130 billion,its imports are
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Question

Quizplus · Accepted Answer

Net exports are calculated by subtracting imports from exports.

Therefore, exports = net exports + imports.

Substituting the given values:

$560 billion = -$130 billion + imports

Imports = $560 billion + $130 billion

Imports = $690 billion

Thus, the correct answer is (A) $690 billion.

If an Economy's Exports Are $560 Billion and Its Net