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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the formula for Net Exports?
💡 Hint: Think about how we calculate the balance.
Question 2
Easy
If a country exports $200 billion and imports $150 billion, what are its Net Exports?
💡 Hint: Subtract imports from 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 income of a country
- Difference between exports and imports
- Gross Domestic Product
💡 Hint: Remember the basic definition of Net Exports.
Question 2
True or False: A trade deficit occurs when imports exceed exports.
- True
- False
💡 Hint: Think about the implications of more imports than exports.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A country has exports valued at $800 billion and imports of $600 billion. It implements trade restrictions and sees exports drop to $700 billion, while imports increase to $650 billion. Calculate the Net Exports before and after the policy and discuss the potential economic implications.
💡 Hint: Focus on the impact of trade policy changes.
Question 2
If a government incentivizes local production and exports rise by 15% while imports increase by only 5%, how does this affect Net Exports? Analyze the significance of ratios in trade.
💡 Hint: Consider the ratios and impacts on economic metrics.
Challenge and get performance evaluation