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Net exports include goods produced _____.Multiple choice question.domestically that are sold domestically, less goods produced domestically that are sold abroaddomestically that are sold abroad, less goods that are produced abroad that are sold domesticallydomestically that are sold abroad, less goods produced domestically that are sold domesticallyabroad that are sold domestically, less goods that are produced domestically that are sold abroad

Question

Net exports include goods produced _____.Multiple choice question.domestically that are sold domestically, less goods produced domestically that are sold abroaddomestically that are sold abroad, less goods that are produced abroad that are sold domesticallydomestically that are sold abroad, less goods produced domestically that are sold domesticallyabroad that are sold domestically, less goods that are produced domestically that are sold abroad

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Solution

The correct answer is: "domestically that are sold abroad, less goods that are produced abroad that are sold domestically".

Net exports are calculated as the total value of goods produced domestically and sold abroad (exports) minus the total value of goods produced abroad and sold domestically (imports). This is a measure of a nation's global trade balance. If a country exports more than it imports, it has a trade surplus. If it imports more than it exports, it has a trade deficit.

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