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

Consumption1600
Investment600
Government Expenditure200
Exports20
Imports30

Using the expenditure approach, calculate GDP for Mexico.

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

Consumption1800
Investment1000
Government Expenditure300
Exports40
Imports30

1. What are net exports for Norway.

 

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2. Norway is experiencing:

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