If Saudi Arabia had negative net exports last year,then it
A)sold more abroad than it purchased abroad and had a trade surplus.
B)sold more abroad than it purchased abroad and had a trade deficit.
C)bought more abroad than it sold abroad and had a trade surplus.
D)bought more abroad than it sold abroad and had a trade deficit.

Question

Quizplus · Accepted Answer

The definition of net exports is exports minus imports. If Saudi Arabia had negative net exports, that means its imports exceeded its exports, indicating a trade deficit. Therefore, the correct choice is D - bought more abroad than it sold abroad and had a trade deficit.

If Saudi Arabia Had Negative Net Exports Last Year,then It