Suppose the following transactions occur during 2012. 1. Sung, a liquor store owner in the United States, buys 50 bottles of champagne from a French vineyard at a price of $75 per bottle. 2. Autozone, a U.S. company, sells 100 spark plugs to a Korean car company at $5 per spark plug. 3. Tim, a U.S. citizen, pays $670 for a surfboard he orders from Greatwaves (a U.S. company). Based on these transactions, U.S. exports (EX) in 2012 is $ 500 .

Suppose the following transactions occur during 2012. 1. Sung, a liquor store owner in the United States, buys 50 bottles of champagne from a French vineyard at a price of $75 per bottle. 2. Autozone, a U.S. company, sells 100 spark plugs to a Korean car company at $5 per spark plug. 3. Tim, a U.S. citizen, pays $670 for a surfboard he orders from Greatwaves (a U.S. company). Based on these transactions, U.S. exports (EX) in 2012 is $ 500 .

Suppose the following transactions occur during 2012.
1. Sung, a liquor store owner in the United States, buys 50 bottles of champagne from a French vineyard at a price of $75 per bottle.
2. Autozone, a U.S. company, sells 100 spark plugs to a Korean car company at $5 per spark plug.
3. Tim, a U.S. citizen, pays $670 for a surfboard he orders from Greatwaves (a U.S. company).
Based on these transactions, U.S. exports (EX) in 2012 is $ 500 . 


Answer Key: 500