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

Consumption1700
Investment1000
Government Expenditure400
Exports40
Imports40

Using the expenditure approach, calculate GDP for the US.

$   Hint

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

Consumption1300
Investment800
Government Expenditure400
Exports50
Imports10

1. What are net exports for Mexico.

 

Hint

2. Mexico is experiencing:

Hint


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