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Refer to the information provided in Table Table $Billions 1,400 Federal purchases of goods Services Imports Change in business inventories Durable goods Nondurable goods Exports Residential investment State and local purchases Nonresidential investment 700 500 100 400 600 300 300 600 700 Refer to Table The value for net exports in billions of dollars is Select one: a
Refer to the information provided in Table Table $Billions 1,400 Federal purchases of goods Services Imports Change in business inventories Durable goods Nondurable goods Exports Residential investment State and local purchases Nonresidential investment 700 500 100 400 600 300 300 600 700 Refer to Table The value for net exports in billions of dollars is Select one: a. 800. b. -500. C. -200. di 200.
Expert Solution
Ans. C. - 200.
Exports = $300 billion
Imports = $500 billion, then
The Value of Net Exports = Exports - Imports
= $300 billion - $500 billlion
The value of net exports = - $200 billion
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