Use the information below to answer the following questions.
Fact 9.4.1
You are given the following information about the country of Ecoland, whose currency is the turkey, and whose official settle balance is zero.

-Refer to Fact 9.4.1.What is net exports?
A)1 billion turkeys
B)- 1 billion turkeys
C)- 3 billion turkeys
D)3 billion turkeys
E)- 2 billion turkeys

Question

Use the information below to answer the following questions.
Fact 9.4.1
You are given the following information about the country of Ecoland, whose currency is the turkey, and whose official settle balance is zero.
 
-Refer to Fact 9.4.1.What is net exports?
A)1 billion turkeys 
B)- 1 billion turkeys 
C)- 3 billion turkeys 
D)3 billion turkeys 
E)- 2 billion turkeys

Quizplus · Accepted Answer

Net exports are calculated as exports minus imports. If the net exports are negative, it indicates that imports exceed exports, which is represented by a negative number. In this case, the correct answer is -3 billion turkeys, indicating that imports exceed exports by 3 billion turkeys.

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