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Question 1

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

Consumption | 1100 |
---|---|

Investment | 900 |

Government Expenditure | 100 |

Exports | 50 |

Imports | 50 |

Using the **expenditure approach**, calculate GDP for the US.

2100

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

Enter DNE for Does Not Exist, oo for Infinity

Question 2

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

Consumption | 1200 |
---|---|

Investment | 600 |

Government Expenditure | 100 |

Exports | 50 |

Imports | 20 |

1. What are net exports for Slovenia.

30

Hint
2. Slovenia is experiencing:

Trade Surplus.

Hint
Box 1: Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)

Enter DNE for Does Not Exist, oo for Infinity

Box 2: Select the best answer