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Question: 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.

a) What are the net exports of countries A, B, and C?

b) Which country is running a trade deficit? A trade surplus?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92586867

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