Chapter 3R, Problem 5MCQ

To determine

The value of net exports.

Explanation of Solution

Net export is the difference between the value of exports and imports in an economy.

Net export = Export − Import

Given,

Value of export = $1500

Value of import = $2000

Insert the given values:

  $\begin{array}{c}NetExport=X-IM\\ =\$1500-\$2000\\ =-\$500\end{array}$

The value of net export is − $500.

Thus, option “e” is correct.