5. Suppose foreigners spend $7 billion on U.S. exports in a specific year and Americans spend $5...

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5. Suppose foreigners spend $7 billion on U.S. exports in a specific year and Americans spend

$5 billion on imports from abroad in the same year. What is the amount of the United States’

net exports? Explain how net exports might be a negative amount. LO1

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Essentials Of Economics

ISBN: 9780073511313

2nd Edition

Authors: Stanley L. Brue, Campbell R. McConnell, Sean M. Flynn

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Question Posted: Sep 30, 2024 04:01 AM

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5. Suppose foreigners spend $7 billion on U.S. exports in a specific year and Americans spend $5...

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Essentials Of Economics

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