Consider the following table showing the breakdown of GDP (in billions) for Norway.
| Consumption | 1600 |
|---|---|
| Investment | 600 |
| Government Expenditure | 100 |
| Exports | 10 |
| Imports | 50 |
Using the expenditure approach, calculate GDP for Norway.
$ Hint
Consider the following table showing the breakdown of GDP (in billions) for Japan.
| Consumption | 1400 |
|---|---|
| Investment | 700 |
| Government Expenditure | 300 |
| Exports | 50 |
| Imports | 10 |
1. What are net exports for Japan.
Hint
2. Japan is experiencing: