In 2009, U.S. exports of goods and services are $1 comma 587 billion and imports of goods and services are $1 comma 976 billion. What is the value of net exports?

Question

asked Feb 13, 2021 138k views

1 Answer

Paul Z · Answer 1 · 2021-02-19T21:46:23+0000

Answer: -$389 billion

Step-by-step explanation:

Net Exports refers to how much a country exported to other countries over how much it imported.

As such the formula is;

= Exports - Imports

= 1,587 - 1,976

= -$389 billion

This means that the US imported more than it exported in 2009. This is called a Trade Deficit.