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Question 1

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

Consumption1100
Investment900
Government Expenditure100
Exports50
Imports50

Using the expenditure approach, calculate GDP for the US.

$   Hint

Question 2

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

Consumption1200
Investment600
Government Expenditure100
Exports50
Imports20

1. What are net exports for Slovenia.

 

Hint

2. Slovenia is experiencing:

Hint