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Question 1

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

Consumption1100
Investment500
Government Expenditure100
Exports40
Imports30

Using the expenditure approach, calculate GDP for Canada.

$   Hint

Question 2

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

Consumption1500
Investment700
Government Expenditure400
Exports10
Imports50

1. What are net exports for Japan.

 

Hint

2. Japan is experiencing:

Hint