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Question 1

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

Consumption1600
Investment500
Government Expenditure100
Exports20
Imports40

Using the expenditure approach, calculate GDP for the US.

$   Hint

Question 2

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

Consumption1300
Investment600
Government Expenditure100
Exports40
Imports40

1. What are net exports for the US.

 

Hint

2. the US is experiencing:

Hint