In the economy of Talikastan in 2015,consumption was $1000,GDP was $1950,government purchases were $500,and investment was $700.What were Talikastan's net exports in 2015?

Question

Quizplus · Accepted Answer

Net exports can be calculated as the difference between exports and imports. However, the information given does not directly provide the values of exports and imports. 
We can use the GDP formula: GDP = consumption + investment + government purchases + net exports 
1950 = 1000 + 700 + 500 + net exports 
Net exports = 1950 - 2200 = -$250 (negative value indicates a trade deficit, which means that imports exceed exports)

In the Economy of Talikastan in 2015,consumption Was $1000,GDP Was