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Question 1

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

Consumption1200
Investment1000
Government Expenditure200
Exports40
Imports20

Using the expenditure approach, calculate GDP for Slovenia.

$   Hint

Question 2

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

Consumption1300
Investment800
Government Expenditure100
Exports50
Imports30

1. What are net exports for the US.

 

Hint

2. the US is experiencing:

Hint