(Answered) Net exports of countries

Economics

Problem:

Suppose there are three countries in the world. Country A exports $11 million worth of goods to country B and $5 million worth of goods to country C; country B exports $3 million worth of goods to country A and $6 million worth of goods to country C; and country C exports $4 million worth of goods to country A and $1 million worth of goods to country B.

Question 1: What are the net exports of countries A, B, and C?

Question 2: Which country is running a trade deficit? A trade surplus?

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Macroeconomics, Economics

Category:- Macroeconomics
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