Suppose that last year a total of $8 billion in goods and services was exported to other countries while $12 billion was imported,: the net export would be $4 billion.
What is the net export?
The net export can defined as the difference that lies between the exports and the import in the given economy of interest.
How to solve for the net export
Net export = Export - import
Export = $12 billion
Import = $8 billion
Net export = (12 - 8) billion dollars
= $4 billion dollars.
Hence we can say that the net export would be $4 billion.
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