Scenario 9.1
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 9.1, country C has net exports of

Question

Quizplus · Accepted Answer

Net exports for country C are calculated as the total value of exports minus the total value of imports. Country C exported $5 million to country A and $2 million to country B, totaling $7 million in exports. It imported $6 million from country A and $7 million from country B, totaling $13 million in imports. Therefore, net exports for country C are $7 million - $13 million = -$6 million.

Scenario 9.1 In a Given Year, Country a Exported $12 Million Worth