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Question 1

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

Consumption1700
Investment900
Government Expenditure400
Exports50
Imports30

Using the expenditure approach, calculate GDP for Japan.

$   Hint

Question 2

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

Consumption1300
Investment700
Government Expenditure100
Exports40
Imports20

1. What are net exports for Japan.

 

Hint

2. Japan is experiencing:

Hint