Scenario: The table below shows the payments received from foreigners by the residents of Country Y and the payments made to foreigners by the residents of Country Y during a certain year.

-Refer to the scenario above.Country Y's net exports equal ________.

Question

Scenario: The table below shows the payments received from foreigners by the residents of Country Y and the payments made to foreigners by the residents of Country Y during a certain year.
 
-Refer to the scenario above.Country Y's net exports equal ________.

Quizplus · Accepted Answer

Net exports can be calculated as the difference between payments received from foreigners (exports) and payments made to foreigners (imports). In this case, exports equal $68 billion and imports equal $86 billion. Therefore, net exports equal $68 billion - $86 billion = -$18 billion. The negative sign indicates that Country Y has a trade deficit.

Scenario: the Table Below Shows the Payments Received from Foreigners