In calculating the nation's total output, net exports
A)represent exports of goods and services minus imports of goods and services.
B)have been a negative number in the last several years.
C)would include purchases of U.S.-made automobiles by foreigners minus purchase of foreign-made automobiles by U.S.residents.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Net exports are calculated as exports minus imports, have been negative in recent years for the U.S., and include transactions like foreign purchases of U.S. goods minus U.S. purchases of foreign goods.

In Calculating the Nation's Total Output, Net Exports