IDNLearn.com: Your go-to resource for finding precise and accurate answers. Ask any question and receive timely, accurate responses from our dedicated community of experts.
Sagot :
Answer: -$1,700
Explanation:
The Net exports are to be calculated by deducting imports into the U.S. from Exports to other countries from the U.S.
Exports:
2. Autozone, a U.S. company, sells 200 spark plugs to a South Korean car company at $3.50 per spark plug.
Imports
1. Waddah, a liquor store owner in the United States, buys 80 bottles of wine from a French vineyard at a price of $30 per bottle.
= Exports - Imports
= (200 * 3.50) - [80 * 30]
= -$1,700
The third transaction is neither an import nor an export as it was conducted entirely in the U.S.
Thank you for using this platform to share and learn. Keep asking and answering. We appreciate every contribution you make. Discover the answers you need at IDNLearn.com. Thanks for visiting, and come back soon for more valuable insights.