Net exports is the term denoting the value of newly produced foreign goods purchased by the United States imports) less the value of newly produced U.S. goods and services purchased by foreigners exports).

Question

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Net exports is the term denoting the value of newly produced U.S. goods and services purchased by foreigners (exports) less the value of newly produced foreign goods purchased by the United States (imports).

Net Exports Is the Term Denoting the Value of Newly