Table 11.1

-Refer to Table 11.1.What is the value of net exports or the trade balance?
A)$300.
B)-$300.
C)$1,700.
D)-$1,700.

Question

Table 11.1
 
-Refer to Table 11.1.What is the value of net exports or the trade balance?
A)$300. 
B)-$300. 
C)$1,700. 
D)-$1,700.

Quizplus · Accepted Answer

The value of net exports or the trade balance can be calculated by subtracting the value of imports from the value of exports. From the table, we can see that exports are $500 and imports are $800. Therefore, net exports or the trade balance would be -$300 (i.e., exports of $500 minus imports of $800 equals -$300).

Table 11.1 -Refer to Table 11.1.What Is the Value of Net Exports