Question

The value of the goods and services Australia purchases from the U.S. are less than the value of goods and services the U.S. purchases from Australia. The U.S. has

Answer 1

The answer is The U.S has a negative net exports with Australia and trade deficit with Australia

Step-by-step explanation:

Net exports is the difference between the total value of a nation's exports and the nation's imports.

Net exports are positive when exports are greater(Australia)than imports and negative when exports are less than imports(The U.S). Also, positive net export number indicates a trade surplus, while a negative number means a trade deficit.