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Does this country have a trade deficit or a trade surplus

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Reference no: EM132066040

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

Reference no: EM132066040

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