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In 2009​, U.S. exports of goods and services are ​$1 comma 587 billion and imports of goods and services are ​$1 comma 976 billion. What is the value of net​ exports?
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In 2009​, U.S. exports of goods and services are ​$1 comma 587 billion and imports of goods and services are ​$1 comma 976 billion. What is the value of net​ exports?

User Stilltorik
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1 Answer

4 votes

Answer: -$389 billion

Step-by-step explanation:

Net Exports refers to how much a country exported to other countries over how much it imported.

As such the formula is;

= Exports - Imports

= 1,587 - 1,976

= -$389 billion

This means that the US imported more than it exported in 2009. This is called a Trade Deficit.

User Paul Z
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