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Category > Economics Posted 04 Jun 2017 My Price 5.00

Suppose there are three countries in the world.

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?

Answers

Alpha Geek
(8)
Status NEW Posted 04 Jun 2017 07:06 AM My Price 5.00

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file 1496561797-2047905_1_636320871321908211_Exports-imports.docx preview (118 words )
C-----------alc-----------ula-----------tio-----------n o-----------f N-----------et -----------Exp-----------ort-----------s o-----------f t-----------he -----------Cou-----------ntr-----------ies----------- C-----------oun-----------try----------- A ----------- Fr-----------om -----------Imp-----------ort----------- (1-----------) E-----------xpo-----------rt -----------(2)----------- Ne-----------t E-----------xpo-----------rt -----------(2------------1) ----------- Co-----------unt-----------ry -----------B $-----------3 $-----------11 -----------$8 ----------- Co-----------unt-----------ry -----------C $-----------4 $-----------5 $-----------1 -----------Tot-----------al -----------$7 -----------$16----------- $9----------- C-----------oun-----------try----------- B ----------- Fr-----------om -----------Imp-----------ort----------- (1-----------) E-----------xpo-----------rt -----------(2)----------- Ne-----------t E-----------xpo-----------rt -----------(2------------1) ----------- Co-----------unt-----------ry -----------A $-----------11 -----------$3 -----------($8-----------) -----------Cou-----------ntr-----------y C----------- $1----------- $6----------- $5----------- T-----------ota-----------l $-----------12 -----------$9 -----------($3-----------) -----------Cou-----------ntr-----------y C----------- F-----------rom----------- Im-----------por-----------t (-----------1) -----------Exp-----------ort----------- (2-----------) N-----------et -----------Exp-----------ort----------- (2------------1)----------- C-----------oun-----------try----------- A -----------$5 -----------$4 -----------($1-----------) -----------Cou-----------ntr-----------y B----------- $6----------- $1----------- ($-----------5) ----------- To-----------tal----------- $1-----------1 $-----------5 (-----------$6)----------- T-----------hus----------- Ne-----------t E-----------xpo-----------rts----------- of----------- co-----------unt-----------rie-----------s A-----------, B-----------,
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