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Question 1

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

Consumption1600
Investment1000
Government Expenditure300
Exports30
Imports40

Using the expenditure approach, calculate GDP for Canada.

$   Hint

Question 2

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

Consumption1000
Investment600
Government Expenditure100
Exports20
Imports30

1. What are net exports for China.

 

Hint

2. China is experiencing:

Hint