Use the following to answer questions:
-(Figure 7-2: Expanded Circular-Flow Model) Use Figure 7-2: Expanded Circular-Flow Model What is the value of net exports?
A) -$20
B) $20
C) $50
D) $130

Question

Use the following to answer questions: 
-(Figure 7-2: Expanded Circular-Flow Model) Use Figure 7-2: Expanded Circular-Flow Model What is the value of net exports?
A) -$20 
B) $20 
C) $50 
D) $130

Quizplus · Accepted Answer

Net exports are calculated as the value of exports minus the value of imports. If the value of imports exceeds the value of exports, net exports will be negative, indicating a trade deficit.

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