U. s. exports are $300 billion, u. s. imports are $500 billion. which of the following are consistent with the level of net exports?
a. the u. s has a trade surplus. the u. s. purchases $800 billion worth of foreign assets and foreign countries purchase $600 billion worth of u. s. assets.
b. the u. s. has a trade surplus. the u. s. purchases $600 billion worth of foreign assets and foreign countries purchase $800 billion worth of u. s. assets.
c. the u. s has a trade deficit. the u. s. purchases $800 billion worth of foreign assets and foreign countries purchase $600 billion worth of u. s. assets.

d. the u. s. has a trade deficit. the u. s. purchases $600 billion worth of

c. The U.S has a trade deficit. The U.S. purchases $800 billion worth of foreign assets and foreign countries purchase $600 billion worth of U.S. assets.

Explanation:

Exports =  $300 billion

Imports =  $500 billion

Trade surplus/(deficit) =  $300 billion - $500 billion

                                    = ($200 billion)

Considering all the options,

Purchases = $800 billion

Sales = $600 billion

Trade surplus/(deficit) = $600 billion - $800 billion

                                    =  ($200 billion)

Hence the right answer is c. The U.S has a trade deficit. The U.S. purchases $800 billion worth of foreign assets and foreign countries purchase $600 billion worth of U.S. assets.

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