Solved: Use the information in the table below to answer each part, Dissertation

Use the information in the table below to answer each part

Use the information in the table below to answer each part below.

Consumption Spending. . . . . .. . . . . . . . . . $800

Gross Investment Spending . . . . . . . . . . . . $550

Government Purchases. . . . . . . . . . . . . . . $600

Exports . . . . . . . . . . . . . . . . . . . . . . $200

Imports . . . . . . . . . . . . . . . . . . . . . . $350

a) Calculate Net Exports:

Formula: Net Exports = Exports - Imports

b) Does this country have a trade deficit or a trade surplus?

c) Calculate Gross Domestic Product (GDP):

Formula: GDP = C + I + G + NX

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Dissertation: Use the information in the table below to answer each part

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