If an Economy's Exports Are $800 Billion and Its Imports

question 100

Multiple Choice

If an economy's exports are $800 billion and its imports are $750 billion,its net exports are

• A) $1,550 billion
• B) $50 billion
• C) -$50 billion
• D) 1.07.

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Definitions:

Exact Interest

Interest calculated based on a 365-day year, providing a precise interest calculation.

Ordinary Interest

Interest calculated on the basis of a 360-day year, often used in banking for loans and savings.

360-Day Year

A financial approximation that simplifies the calculation of interest by assuming each month has 30 days, resulting in a 360-day year.

Total Amount

The complete sum of money or quantitative count, including all relevant parts or items added together.