Gross exports depend on the behavior of foreign businesses and consumers.

Question

Quizplus · Accepted Answer

Gross exports refer to the total value of goods and services that a country exports to foreign countries. The behavior of foreign businesses and consumers, such as their demand for the country's products, will impact the level of gross exports. For example, if foreign consumers reduce their demand for a country's products, the gross exports will decrease. Therefore, the statement is true.

Gross Exports Depend on the Behavior of Foreign Businesses and Consumers