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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Net exports are – $114 billion and exports are $857 billion. What are imports?

To determine

Estimate the import value.

Explanation

The value of net export is given as -$114 and the export is $857; then, the net export can be calculated using the following formula:

Net export=ExportImport        (1)

Substitute the respective values in Equation (1) to calculate import

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