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 A has net exports of:
A)$18 million.
B)$8 million.
C)$13 million.
D)$9 million.
E)$6 million.

Question

Quizplus · Accepted Answer

Net exports for country A are calculated as the total value of exports minus the total value of imports. Country A exported $12 million to B and $6 million to C, totaling $18 million. Country A imported $4 million from B and $5 million from C, totaling $9 million. Therefore, net exports are $18 million - $9 million = $9 million.

Scenario 4-1 in a Given Year,country a Exported $12 Million