In 2015,Ghana had $4 billion of net exports and bought $1 billion of goods from foreign countries.What were Ghana's components of net exports?
A) $5 billion in exports and $1 billion in imports
B) $4 billion in imports and $1 billion in exports
C) $3 billion in exports and $1 billion in imports
D) $1 billion in imports and $3 billion in exports

Question

Quizplus · Accepted Answer

Net exports are calculated as exports minus imports. Given net exports of $4 billion and imports of $1 billion, exports must have been $5 billion.

In 2015,Ghana Had $4 Billion of Net Exports and Bought