Table 6.2 shows data on the components of GDP in an economy. Use the table to answer questions .
Table 6-2

-Refer to Table 6-2. Net exports are negative. This would mean that:
A) imports are larger than exports and there is a trade surplus.
B) exports are larger than imports and there is a trade surplus.
C) imports are larger than exports and there is a trade deficit.
D) exports are larger than imports and there is a trade deficit.

Question

Table 6.2 shows data on the components of GDP in an economy. Use the table to answer questions .
Table 6-2
 
-Refer to Table 6-2. Net exports are negative. This would mean that:
A) imports are larger than exports and there is a trade surplus. 
B) exports are larger than imports and there is a trade surplus. 
C) imports are larger than exports and there is a trade deficit. 
D) exports are larger than imports and there is a trade deficit.

Quizplus · Accepted Answer

Net exports being negative means that exports are smaller than imports, which is a trade deficit.

Table 62 Shows Data on the Components of GDP in an an Economy