Weeland is a small country. Its population total is 500. However there are only 200 wage earners. Each wage earners earns an average of $3,000.00 per year and spends a total of $2,500.00 per year buying goods and services of which $300.00 goes to buying imported goods. Each year the country exports a total of $50,000.00 worth of goods and services. The Government income tax rate is 15%. All government money is spent on education and healthcare. There are only two industries in the country that employ every wage earner. Each industry spends $15,000 each year on new tools and equipment. What is the value of Net Exports? Show your work.

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Answer is To find the value of Net Exports we need to calculate ... View the full answer