Question: Really confused 7. Define net exports. Explain how U.S. exports and imports affect domestic production. Explain how net exports can be negative. 8. In some

Really confused 7. Define net exports. Explain how U.S. exports and

Really confused

7. Define net exports. Explain how U.S. exports and imports affect domestic production. Explain how net exports can be negative. 8. In some country personal consumption expenditures in a specific year are $50 billion, purchases of stocks and bonds and $30 billion, net exports are -$10 billion, government purchases are $20 billion, sales of secondhand items are $8 billion, and gross investment is $25 billion. What is the GDP for this year

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