If a country has net exports of $9 billion and sold $50 billion of goods and services abroad,then it has
A) $59 billion of imports and $50 billion of exports.
B) $59 billion of exports and $50 billion of imports.
C) $50 billion of imports and $41 billion of exports.
D) $50 billion of exports and $41 billion of imports.

Question

Quizplus · Accepted Answer

Net exports = Exports - Imports
Therefore, Imports = Exports - Net exports
Substituting the given values, Imports = $50 billion - $9 billion = $41 billion
So, the country has $50 billion of exports and $41 billion of imports. This is represented by choice D.

If a Country Has Net Exports of $9 Billion and Sold