Question

Throughout most of the 2000s, including 2016, net exports in Australia: A) grew and then declined....

Throughout most of the 2000s, including 2016, net exports in Australia:
A) grew and then declined.
B) were mostly positive.
C) were mostly negative.
D) increased, as exports rose above imports.

Homework Answers

Answer #1

C)

The Australian Net Exports were mostly negative.

Even though there were periods where exports were greater than imports but overall, from 2000-2020,

On an average, Net exports = Exports - Imports, has been negative implying imports were more than exports, especially in 2016.

Post 2016, exports have been exceeding imports and Net exports have become positive.

However, throughout 2000, net exports have been mostly negative, it can be understood with the help of the picture below. X-axis shows year and Y-axis shows trade surplus or net exports.

Hope the answer helped you :)

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