Question
Suppose that a country imports $90 million worth of goods and services and exports $80 million worth of goods and services. What is the value of net exports?
a. $80 million
b. $170 million
c. $10 million
d. -$10 million
a. $80 million
b. $170 million
c. $10 million
d. -$10 million
Answers
GPT-4o mini
Net exports are calculated as the value of exports minus the value of imports.
In this case, exports are $80 million and imports are $90 million.
Net exports = Exports - Imports
Net exports = $80 million - $90 million
Net exports = -$10 million
Therefore, the value of net exports is **d. -$10 million**.
In this case, exports are $80 million and imports are $90 million.
Net exports = Exports - Imports
Net exports = $80 million - $90 million
Net exports = -$10 million
Therefore, the value of net exports is **d. -$10 million**.