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question 33 (2 points)
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last year u.s. net exports of goods and services was negative. this fact means that last year
there was an error made when calculating net exports of goods and services for the united states.
the value of u.s. exports was greater than the value of u.s. imports.
the value of u.s. exports was less than the value of u.s. imports.
u.s. consumption expenditure plus investment was less than the value of exports plus the value of imports.
u.s. consumption expenditure plus investment plus government expenditures on goods and services was less than the value of exports plus the value of imports.
Net exports is calculated as exports minus imports ($Net\ Exports = Exports - Imports$). If net exports are negative, then $Exports - Imports<0$, which implies $Exports < Imports$.
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the value of U.S. exports was less than the value of U.S. imports.