The table gives data for a nation. The value of the country\'s net exports of go

Question

The table gives data for a nation. The value of the country's net exports of goods and services shows that the country's value of its exports exceeded the value of its imports. value of its imports are negative. net exports of goods and services are decreasing. value of its imports exceeded the value of its exports. value of its imports must equal zero. The table gives data for a nation. What is the amount of the country's GDP? $6,000 billion $6, 200 billion $6, 600 billion $6, 900 billion $5,000 billion

Explanation / Answer

FIRST QUESTION

Option (1).

Since Net exports (= Export - Import) is positive, Exports exceed Imports.

(24) $6,200 billion

GDP = Consumption expenditure + Investment + Government expenditure + Net exports

= $(4,000 + 1,000 + 1,000 + 200) billion

= $6,200 billion

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