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Consider the following table showing the breakdown of GDP (in billions) for the US.

Consumption1400
Investment700
Government Expenditure400
Exports40
Imports30

Using the expenditure approach, calculate GDP for the US.

$   Hint

Consider the following table showing the breakdown of GDP (in billions) for China.

Consumption1000
Investment900
Government Expenditure100
Exports50
Imports40

1. What are net exports for China.

 

Hint

2. China is experiencing:

Hint


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