If a Country Has Net Exports of $8 Billion and Sold

question 33

Multiple Choice

If a country has net exports of $8 billion and sold $40 billion of goods and services abroad,then it has

• A)$48 billion of imports and $40 billion of exports.
• B)$48 billion of exports and $40 billion of imports.
• C)$40 billion of imports and $32 billion of exports.
• D)$40 billion of exports and $32 billion of imports.

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Definitions:

Population Proportion

The fraction or percentage of members in a population that exhibit a particular characteristic or attribute.

Defective Items

Goods or products that fail to meet quality standards or specifications and are not fit for their intended use.

Independent Samples

Refers to samples drawn from distinct populations in such a way that the selection of observations in one sample does not influence the selection in another.

Selection Process

A series of steps or a methodology used to choose the most suitable individuals or options from a pool of candidates or alternatives.