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1. What is the value of Net Exports? 2. What is the amount of GDP? 3. The largest component of GDP is consumer spending. Wh
MACRO Unit 2 worksheets 2012.06 : Unit 2 Circ.Flow. Worksheet 2011 annual ($billions) Line 10,726 Household Consumption Savin

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Answer #1

Question 1 :

Solution : the value of

Net Exports = Export - Import

= $ 2,843 - $ 3,312

= ( - ) $ 469

The value for net export will be in negative $ 469 billion , which shows the imports are greater than exports. It's the sign of budget deficit.

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