In the national spending approach, net exports refers to:
A) U.S purchases of imported goods only.
B) foreign purchases of exported goods only.
C) exports minus imports.
D) exports plus imports.

Question

Quizplus · Accepted Answer

Net exports refers to the difference between exports and imports. This means that it takes into account both U.S. purchases of imported goods and foreign purchases of exported goods. However, it specifically calculates the difference between the two, which is exports minus imports.

In the National Spending Approach, Net Exports Refers To