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Homework answers / question archive / The following are national income account data for a hypothetical economy in billions of dollars: gross private domestic investment ($320), imports ($40), exports ($22), personal consumption expenditures ($2,460), and government purchases ($470)

The following are national income account data for a hypothetical economy in billions of dollars: gross private domestic investment ($320), imports ($40), exports ($22), personal consumption expenditures ($2,460), and government purchases ($470)

Economics

The following are national income account data for a hypothetical economy in billions of dollars: gross private domestic investment ($320), imports ($40), exports ($22), personal consumption expenditures ($2,460), and government purchases ($470). What is Net Exports in this economy? 
Multiple Choice CD -18 billion CD40 billion 0 22 billion 0 62 billion 

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Computation of Net Exports in the Economy:

Net Exports = Exports - Imports 

= $22 billions - $40 billions

Net Exports = -$18 billions

So, the correct option is 1st "-$18 billion".