Scenario 4-1
In a given year, country A exported $12 million worth of goods to country B and $6 million worth of goods to country C; country B exported $4 million worth of goods to country A and $7 million worth of goods to country C; and country C exported $5 million worth of goods to country A and $2 million worth of goods to country B.
-According to Scenario 4-1, country C has net exports of:
A)zero.
B)$13 million.
C)$6 million.
D)−$13 million.
E)−$6 million.

Question

Quizplus · Accepted Answer

Country C's exports are $5 million to country A and $2 million to country B, totaling $7 million. Its imports are $6 million from country A and $7 million from country B, totaling $13 million. Net exports are exports minus imports, which is $7 million - $13 million = -$6 million.

Scenario 4-1 In a Given Year, Country a Exported $12 Million Worth