Question 3 - what is the value of net exports? Sr MSN.com Hotmail. Outlook. Cham

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Question 3 - what is the value of net exports?

Sr MSN.com Hotmail. Outlook. Chamberlain University XWeek 5: MEL HomeworkX Do Homework - Pamela Harris X https://wwww.mathxl.com/Student/PlayerHomework.aspx?homeworkld Q Search Principles of Economics Pamela Hams 11/24/17 10:57 AM Homework: Week 5 Homework 35 pts Save Score: 0 of 1 pt 3 of 35 (22 complete) HW Score: 61.9%, 21.67 of 35 pts Checkpoint 1 Test B 4 Question Help * In 2007, U.S. exports of goods and services were S1,662 billion and imports of goods and services were $2,375 billion. What was the value of net exports? The value of net exports in 2007 was billion dollars. >> If the answer is negative, use a minus sign. If the answer is positive, do not use a plus sign Enter your answer in the answer box and then click Check Answer Clear All Check Answer 12-57 PM Type here to search 11/24/20173

Explanation / Answer

Net Exports = Exports - Imports

Net Exports = 1662 - 2375 = - $713 bn (Imports exceed exports, there is a trade deficit)

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