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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

Sagot :

Ayokenny2001idn

Answer:

See below

Explanation:

Given the above information, Net export is calculated as seen below.

Net export (NX)= Export (X) - Import (M)

Export (X) = $22

Import (M)= $40

Hence;

Net export (NX) = $22 - $40

Net export (NX) = -$18 billion

Therefore the net export in this economy is -$18 billion

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