Net exports
A)are the smallest component of GDP.
B)equal exports minus imports.
C)have been negative in the United States since the mid-1970s.
D)All of the choices are true of net exports.

Question

Quizplus · Accepted Answer

Net exports are indeed often the smallest component of GDP, especially in large economies like the United States. They are calculated as exports minus imports. For the United States, net exports have been negative (meaning imports exceed exports) since the mid-1970s, reflecting a consistent trade deficit.

Net Exports