Use the information below to answer the following questions.
Fact 25.4.1
You are given the following information about the country of Ecoland, whose currency is the turkey, and whose official settlements balance is zero.

-Refer to Fact 25.4.1. What is the net exports?
A)-2 billion turkeys
B)-1 billion turkeys
C)3 billion turkeys
D)-3 billion turkeys
E)1 billion turkeys

Question

Use the information below to answer the following questions.
Fact 25.4.1
You are given the following information about the country of Ecoland, whose currency is the turkey, and whose official settlements balance is zero.
 
-Refer to Fact 25.4.1. What is the net exports?
A)-2 billion turkeys 
B)-1 billion turkeys 
C)3 billion turkeys 
D)-3 billion turkeys 
E)1 billion turkeys

Quizplus · Accepted Answer

Net exports are calculated as exports minus imports. If the net exports are -3 billion turkeys, it means the country is importing 3 billion more turkeys than it is exporting.

Use the Information Below to Answer the Following Questions