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consumption is $350, economic investment is $200, government purchases are $180, and overall gdp calculated via the expenditure method is $700, then how much is net exports for this economy? (be sure to enter a negative sign if the amount is negative.)

Respuesta :

The net exports of the economy will be -30, which indicate that import is more than export, means there is trade deficit.

Net Exports = GDP-private consumption - economic investment- government spending -

Given,

Private consumption= $350

economic investment= $200

government spending = 180

GDP = $700

Net Exports = $700-$350- $200-$180

Net exports = -30

The value of net exports is calculated simply by subtracting the value of imports from export, the negative net exports indicate trade deficit, which is not good for an economy, whereas positive net exports indicate trade surplus which is good for the health of an economy.

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