The diagrams below show the import,export,and net export functions for an economy. FIGURE 22-1
-Refer to Figure 22-1.The net export function for this economy can be expressed as
A)NX = 2250 - 450(
Y).
B)NX = 450 - 0.2(
Y).
C)NX = 2250 - 450.
D)NX = 0.2Y.
E)NX = 2250 - .2(I

Question

The diagrams below show the import,export,and net export functions for an economy.  FIGURE 22-1
-Refer to Figure 22-1.The net export function for this economy can be expressed as
A)NX = 2250 - 450(
Y). 
B)NX = 450 - 0.2(
Y). 
C)NX = 2250 - 450. 
D)NX = 0.2Y. 
E)NX = 2250 - .2(I

Quizplus · Accepted Answer

The net export function is typically expressed as NX = X - IM, where X is exports and IM is imports. The given function NX = 450 - 0.2(Y) suggests that net exports decrease as income (Y) increases, which is a common relationship in macroeconomics.

The Diagrams Below Show the Import,export,and Net Export Functions for an Economy