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Exported goods and services were worth $2500 which were $500 more than what it had imported in 2016

Economics

Exported goods and services were worth $2500 which were $500 more than what it had imported in 2016. Additionally, its consumption expenditure on goods and services were $5000 which was 120% of its investment expenditure and 100% of its government expenditure. The economy’s net exports in 2016 were

a)Insufficient information to answer

b)$500 worth of goods and services.

c)$3,000 worth of goods and services.

d)$1,500 worth of goods and services.

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Answer b)$500 worth of goods and services.
  

Net exports = Exports of goods and services - imports of goods and services
Exports are 500$ more than imports

Exports are 2500 $ , so imports are 2000 $

It means that Net exports are 500 $ worth of goods and services as difference between exports and imports is Net exports .

Other information is not required  

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