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Net Exports of Goods and Services Formula

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Net Exports of Goods and Services are the difference between a country's total value of exports and the total value of imports. Check FAQs

NX = X - M

NX - Net Exports of Goods and Services?X - Exports?M - Imports?

Net Exports of Goods and Services Example

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With units

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Here is how the Net Exports of Goods and Services equation looks like with Values.

Here is how the Net Exports of Goods and Services equation looks like with Units.

Here is how the Net Exports of Goods and Services equation looks like.

30000 = 40000 - 10000

30000 = 40000 - 10000

30000 = 40000 - 10000

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Net Exports of Goods and Services Solution

Follow our step by step solution on how to calculate Net Exports of Goods and Services?

FIRST Step Consider the formula

NX = X - M

Next Step Substitute values of Variables

∴

NX = 40000 - 10000

Next Step Prepare to Evaluate

∴

NX = 40000 - 10000

LAST Step Evaluate

∴

NX = 30000

Net Exports of Goods and Services Formula Elements

Variables

Net Exports of Goods and Services

Net Exports of Goods and Services are the difference between a country's total value of exports and the total value of imports.

Symbol: NX

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Net Exports of Goods and Services

Exports

Exports are the goods and services that are made in one country and transmitted to foreigners.

Symbol: X

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Exports

Imports

Imports are the goods and services of foreign origin brought into a country.

Symbol: M

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Imports

Other formulas in Microeconomics category

Go Average Total Cost

ATC = \frac{Tc}{Q}

Go Gross Domestic Product

GDP = PCN + GI + G + NX

Go Rate of Inflation

R = \frac{ECPI - ICPI}{ICPI}

Go Price Elasticity of Demand

PED = \frac{PCQ}{%ΔP}

How to Evaluate Net Exports of Goods and Services?

Net Exports of Goods and Services evaluator uses Net Exports of Goods and Services = Exports-Imports to evaluate the Net Exports of Goods and Services, Net Exports of Goods and Services are the difference between a country's total value of exports and the total value of imports. Net Exports of Goods and Services is denoted by NX symbol.

How to evaluate Net Exports of Goods and Services using this online evaluator? To use this online evaluator for Net Exports of Goods and Services, enter Exports (X) & Imports (M) and hit the calculate button.

FAQs on Net Exports of Goods and Services

What is the formula to find Net Exports of Goods and Services?

The formula of Net Exports of Goods and Services is expressed as Net Exports of Goods and Services = Exports-Imports. Here is an example- 30000 = 40000-10000.

How to calculate Net Exports of Goods and Services?

With Exports (X) & Imports (M) we can find Net Exports of Goods and Services using the formula - Net Exports of Goods and Services = Exports-Imports.

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Net Exports of Goods and Services Formula

Net Exports of Goods and Services Example

Net Exports of Goods and Services Solution

Net Exports of Goods and Services Formula Elements

Other formulas in Microeconomics category

How to Evaluate Net Exports of Goods and Services?

FAQs on Net Exports of Goods and Services

Variable Name