Durable Goods Consumption Expenditures $350 Nondurable Goods Consumption Expenditures $1,000 Services Consumption Expenditures $3,000 Business Fixed Investment $1,500 Change in Inventories -$100 Government Consumption Expenditures and Gross Investment $2,000 Exports $1,000 Imports $700   Refer to the table shown here. What is the value of net exports or the trade balance?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Durable Goods Consumption Expenditures

$350

Nondurable Goods Consumption Expenditures

$1,000

Services Consumption Expenditures

$3,000

Business Fixed Investment

$1,500

Change in Inventories

-$100

Government Consumption Expenditures and Gross Investment

$2,000

Exports

$1,000

Imports

$700

 

Refer to the table shown here. What is the value of net exports or the trade balance? 

 

Selected Answer:

-$300.

Answers:

$300.

 

-$300.

 

$1,700.

 

-$1,700.

 

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