if-a-country-has-exports-worth-500-billion-and-imports-worth-600-billion-what-is

Question

If a country has exports worth $$500 billion and imports worth 600 $$billion, what is the net export value and its implication?

Accepted Answer

Net exports are -$100 billion, indicating a trade deficit.

Answer

Net exports are -$100 billion, indicating a trade surplus.

Answer

Net exports are $0, indicating balanced trade.

Answer

Net exports are $100 billion, indicating a trade surplus.

If a country has exports worth \$500 billion and imports worth \$600 billion, what is the net export value and its implication?