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
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.
Similar Questions
Multiple Choice QuestionFor the United States, importing involves the purchase of goods and services from foreign sources while exporting involves ______.Multiple choice question.selling domestically-made products to U.S. consumersbuying merchandise that has been produced overseasbuying products from foreign marketsselling goods and services to foreign markets
A multinational company produces its goods domestically and then sells them overseas.Group of answer choicesTrueFalse
Assuming that the United States is the domestic economy, ________ are goods and services produced by ________ and purchased by ________.Question 15Answera.imports; foreign countries; the United Statesb.exports; foreign countries; the United Statesc.imports; foreign countries; foreign countriesd.exports; the United States; the United States
Goods and services produced in one country that are then sold in other countries are called ____________.Choose one answer from the options below.exportstradeable itemssurplus itemseconomic stimulants
If a country has a positive net trade in a product, then it is a net Blank______ of that product.Multiple choice question.importerexporter
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.