Suppose in 2009, the United States imported $1.5 billion worth of goods and services and sold $4 billion worth of goods and services outside its borders. Therefore, in 2009 net exports were: A. $5.5 billion B. −$4.4 billion C. $4.4 billion D. −$2.5 billion E. $2.5 billion
Suppose in 2009, the United States imported $1.5 billion worth of goods and services and sold $4 billion worth of goods and services outside its borders. Therefore, in 2009 net exports were: A. $5.5 billion B. −$4.4 billion C. $4.4 billion D. −$2.5 billion E. $2.5 billion
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Suppose in 2009, the United States imported $1.5 billion worth of goods and services and sold $4 billion worth of goods and services outside its borders. Therefore, in 2009 net exports were:
A. $5.5 billion
B. −$4.4 billion
C. $4.4 billion
D. −$2.5 billion
E. $2.5 billion
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