If a country's exports equal $500 billion, while its imports equal $750 billion, then the country's net exports equal _______ and the economy is experiencing a trade _______.

Name: If a country's exports equal $500 billion, while its imports equal $750 billion, then the country's net exports equal _______ and the economy is experiencing a trade _______.
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Quizplus · Accepted Answer

Net exports are calculated as exports minus imports. Therefore, in this case, net exports equals (-$250) billion, indicating a trade deficit.

If a Country's Exports Equal $500 Billion, While Its Imports