Net Exports Are a Negative Number When

question 154

Multiple Choice

Net exports are a negative number when:

• A)a nation's imports of goods and services fall.
• B)a nation's imports of goods and services rise.
• C)a nation's exports of goods and services are greater than its imports.
• D)a nation's imports of goods and services are greater than its exports.

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Definitions:

GDP

Gross Domestic Product, the total value of all goods and services produced within a country in a given period.

Trade Deficit

A situation where a country's imports exceed its exports over a given period, leading to more money leaving the country than coming in.

Mixed Economy

An economic system combining elements of both capitalism and socialism, with some sectors privately owned and others controlled by the government.

Economy

The system by which goods and services are produced, distributed, and consumed within a particular country or region.