Question

Danish Property Taxes $240 Danish tourism to UK $72 Danish purchases of German products $300 Danish...

Danish Property Taxes $240 Danish tourism to UK $72 Danish purchases of German products $300 Danish govt healthcare program $285 Chinese purchases of German product $75 Danish domestic savings $60 Danish investment in Copenhagen $80 Danish contribution to World Food Programme $2 UK tourism to Denmark $92 Danish contribution to the International AIDS Society $3 US purchases of Danish products $420 Based on the information above, how much did Denmark export?

Homework Answers

Answer #1

An export in international trade is a good or service produced in one country (Denmark in this case) that is sold into another country. The seller of such goods and services is an exporter; the foreign buyer is an importer. It also includes tourism. Tourism is an export sector as compensation is paid by a buyer (the visitor) to a seller. When foreigners visit your country for tourism, that is an export for your country.

The components from the given information that will be included in Denmark's export are:

UK tourism to Denmark $92 +US purchases of Danish products $420 = $512

Thus Denmark exported goods and services worth $512.

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