Problems and Applications Indicate how each of the following transactions affects US exports, imports, and net exports. Effect On... Transaction US exports U. S. Imports U. S. Net Export A French historian spends a semester touring museums and historic battlefields in the United States. Students in Paris flock to see the latest movie from Hollywood. Your auntie purchases a Panasonic camera. Your aunt buys a novel by a British author from a local bookstore. Your parents buy a bottle of French wine from a local wine store.

Transactions                                          Exports      Imports      Net Export

A French historian spends a                Increase   Unchanged    Increase

semester touring museums

and historic battlefields in

the United States.

Students in Paris flock to see the        Increase   Unchanged    Increase

latest movie from Hollywood.

Your auntie purchases a                      Unchanged   Increase     Decrease

Panasonic camera.

Your aunt buys a novel by a British     Unchanged   Increase     Decrease

author from a local bookstore.

Your parents buy a bottle of French    Unchanged   Increase     Decrease

wine from a local wine store.

Note:

The export means selling of domestic goods and services into foreign nations

The import means domestic purchases of goods and services from foreign nation

Net export means the difference between the total export and total import of a nation.

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