Which of the following represents gross exports?

Study for the Economics for Hawaii Teachers Test. Enhance your understanding with detailed questions and explanations. Prepare effectively and succeed in your exam!

Gross exports refer to the total value of goods and services sold to foreign countries before any deductions are made. This measure encompasses all types of exports, providing a comprehensive view of the total economic activity related to selling products and services internationally. Understanding gross exports is essential as it helps assess a nation’s economic health and its engagement in global trade.

In contrast, the other options focus on different concepts. The total goods imported from other countries refers to imports rather than exports, which is the opposite. The value of services purchased from overseas corresponds to imports of services, not exports. Lastly, the total trade deficit calculated annually represents the difference between total imports and total exports, highlighting an economic imbalance rather than the value of goods exported. Thus, the definition that accurately captures gross exports is the total value of goods sold abroad before any deductions.

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