If the United States imports $10 million worth of goods from the Philippines, but the Philippines buys only $5 million worth of US goods, America's net exports are O A

Economics Nov 11, 2020

If the United States imports $10 million worth of goods from the Philippines, but the Philippines buys only $5 million worth of US goods, America's net exports are O A. negative $10 million. OB. positive $10 million. O C. positive $5 million. O D. negative $5 million.

Expert Solution

The correct answer is D. negative of $5 million.

Because Net export for US = value of Total export to Philippines - value of total import from Philippines

So Net export = 5 - 10 = -$5 million.

So the correct answer negative $5 million.

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