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 C has net exports of:
A)zero.
B)$13 million.
C)$6 million.
D)-$13 million.
E)-$6 million.

Question

Quizplus · Accepted Answer

Country C's net exports are calculated as the total exports minus the total imports. Country C exported $6 million ($5 million to A and $2 million to B) and imported $12 million ($6 million from A and $6 million from B), resulting in net exports of -$6 million.

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