question 37 (5 points) goods and services produced abroad and sold in the domestic economy are called 1) net…

question 37 (5 points) goods and services produced abroad and sold in the domestic economy are called 1) net exports. 2) exports. 3) imports. 4) transfer payments.

question 37 (5 points) goods and services produced abroad and sold in the domestic economy are called 1) net exports. 2) exports. 3) imports. 4) transfer payments.

Answer

Brief Explanations:

Imports are goods and services produced abroad and sold domestically. Net - exports are exports minus imports. Exports are goods and services produced domestically and sold abroad. Transfer payments are one - way payments like welfare.

Answer:

  1. imports