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.
-If total U.S. trade consists of $10 billion in electronics imports from Japan and $9 billion in automobile exports to Germany, then the U.S. net export account will be negative.

Question

Quizplus · Accepted Answer

Net exports are calculated as exports minus imports. The U.S. has $9 billion in exports and $10 billion in imports, resulting in a net export of -$1 billion, which is negative.

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