In adding the nation's total output,which of the following best describes net exports?
A)They always total to a positive figure.
B)They would include purchases of Canadian automobiles by foreigners plus purchases of foreign automobiles by Canadian citizens.
C)They are a positive number when the value of exports from Canada exceeds the value of imports into Canada.
D)They represent exports of final goods and services plus imports of final goods and services.

Question

Quizplus · Accepted Answer

Net exports refer to the difference between the value of a country's exports and the value of its imports. If the value of a country's exports exceeds the value of its imports, then its net exports are positive. Therefore, option C is the correct choice. Options A, B, and D are incorrect because they are either too general or do not fully capture the nature of net exports.

In Adding the Nation's Total Output,which of the Following Best