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alex orders 50 bottles of champagne from a french distributor at a price of $75 per bottle. 2. a u.s. company sells 200 transistors to a spanish company at $15.00 per transistor. 3. clancy, a u.s. citizen, pays $900 for a tv he orders from cosmart (a u.s. company).

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AnjaliP102

Alex's transaction is an import; he is trading for goods from another country.

What is the value of import and export?

  • Imports are goods or services brought into the country from another, whereas exports are goods and services produced in the home country for sale in other markets. Thus, whether you import or export a product (or both) is determined by your transactional orientation.

Given,

50 bottles at $75 each add up to $3,750.

The US company's sales abroad will be considered export.

The total cost of 200 transistors at $15 each is $3,000

The international trade balance will be 3000 minus 3750 = 750.

The citizen who makes a purchase from a national company contributes to the GDP.

as well as the international trade balance

GDP = 900 - 750 - 150 = 150

3750 imports

3,000 exports

-750 in net exports

GDP = 900 - 750 = 150

To learn more about import refer to:

https://brainly.com/question/13663581

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