
Essentials of Economics 2nd Edition by Campbell McConnell, Randy Grant, Stanley Brue
Edition 2ISBN: 978-0073511313
Essentials of Economics 2nd Edition by Campbell McConnell, Randy Grant, Stanley Brue
Edition 2ISBN: 978-0073511313 Exercise 5
Suppose foreigners spend $7 billion on U.S. exports in a specific year and Americans spend $5 billion on imports from abroad in the same year. What is the amount of the United States' net exports Explain how net exports might be a negative amount.
Explanation
In national income accounting, internati...
Essentials of Economics 2nd Edition by Campbell McConnell, Randy Grant, Stanley Brue
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