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Victoria Parish
on Oct 13, 2024

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If total imports exceed total exports,other things being constant,then

A) net exports are negative.
B) net exports are positive.
C) GDP rises.
D) investment rises.

Net Exports

The value of a country's total exports minus the value of its total imports, measuring the net income from foreign investments.

GDP

Gross Domestic Product, a measure of the economic performance of a nation, representing the total value of all goods and services produced over a specific time period.

Imports

are goods and services brought into one country from another for the purpose of trade or sale, contributing to a country's supply of products not locally produced.

  • Understand the elements that make up Gross Domestic Product and the importance of net exports.
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Erika GallardoOct 16, 2024
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