If the United States exports $500 of goods and services and imports $700 of goods and services, net exports are $1,200.

Name: If the United States exports $500 of goods and services and imports $700 of goods and services, net exports are $1,200.
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Net exports are calculated by subtracting imports from exports. Therefore, the calculation would be $500 - $700 = -$200, indicating a trade deficit rather than a surplus of $1,200.

If the United States Exports $500 of Goods and Services