If a country has $2.4 billion of net exports and purchases $4.8 billion of goods and services from foreign countries,then it has
A)$7.2 billion of exports and $4.8 billion of imports.
B)$7.2 billion of imports and $4.8 billion of exports.
C)$4.8 billion of exports and $2.4 billion of imports.
D)$4.8 billion of imports and $2.4 billion of exports.

Question

Quizplus · Accepted Answer

Net exports are calculated as exports minus imports. If net exports are $2.4 billion and imports are $4.8 billion, then exports must be $7.2 billion (since $7.2 billion - $4.8 billion = $2.4 billion).

If a Country Has $2