Question

g Item Billions of Dollars Consumption Expenditure $50 Government Expenditure $7 Investment $12 Imports $3 Aggregate Expenditure $71 13. The value of Net Exports is ____. A. $1 billion B. $2 billion C. $3 billion D. $5 billion D. $7 billion

Answer 1

The correct answer is letter "B": $2 billion.

Step-by-step explanation:

Aggregate Expenditure or Gross Domestic Product (GDP) measures the productivity of a country given a certain period. It is calculated using the following formula:

GDP = C + I + G + NX

where:

• C = Consumption
• I = Investment
• G = Government Expenditures
• NX = Net Exports (exports - imports)

Net Exports are the difference between a country's exports and imports. It is calculated by subtracting the total exports value from the total imports value.

Therefore, in the case:

• $71 = $50 + $12 + $7 + NX
• $71 = $69 + NX
• $71 - $69 = NX
• NX = $2

Thus, Net Exports equal to $2 billion.

Answer 2

Answer:Option 3

Step-by-step explanation:

The net export is Import less export.

In this question export isn’t in this question so the answer is $3billion