When a country imports more than it exports,it will:
A)be known as a net importing country and this portion of the GDP will have positive value.
B)be known as a net importing country and this portion of its GDP will have a negative value.
C)be known as a net exporting country and this portion of its GDP will have a positive value.
D)be known as a net exporting country and this portion of its GDP will have a negative value.

Question

Quizplus · Accepted Answer

When a country imports more than it exports, it is known as a net importing country. This means that the value of imports is higher than the value of exports, resulting in a negative impact on the country's balance of trade. This negative impact is reflected in the country's GDP, which means that this portion of GDP will also have a negative value.

When a Country Imports More Than It Exports,it Will