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Question 1

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

Consumption1700
Investment600
Government Expenditure300
Exports30
Imports50

Using the expenditure approach, calculate GDP for Canada.

$   Hint

Question 2

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

Consumption1100
Investment500
Government Expenditure400
Exports50
Imports40

1. What are net exports for Japan.

 

Hint

2. Japan is experiencing:

Hint