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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the formula for calculating net exports?
💡 Hint: Remember to think about what is being sold and bought.
Question 2
Easy
If a country has exports of $200 million and imports of $150 million, what are its net exports?
💡 Hint: Apply the formula for net exports.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does net exports measure?
- Total domestic production
- Total domestic consumption
- Exports minus Imports
💡 Hint: Focus on the relationship between what we sell abroad and what we buy.
Question 2
True or False: If a country has more imports than exports, it has positive net exports.
- True
- False
💡 Hint: Think about the terms 'exports' and 'imports'.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A country experiences a significant economic downturn, decreasing global demand for its goods. Explain how this might affect its net exports and suggest government policy responses.
💡 Hint: Consider both ends of the trade balance.
Question 2
Analyze a situation where the government imposes tariffs on imports. How is this expected to affect net exports and aggregate demand?
💡 Hint: Think about consumer choices and producers' responses.
Challenge and get performance evaluation