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?