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Question 1

Consider the following table showing the breakdown of GDP (in billions) for Canada.

Consumption | 1100 |
---|---|

Investment | 500 |

Government Expenditure | 100 |

Exports | 40 |

Imports | 30 |

Using the **expenditure approach**, calculate GDP for Canada.

1710

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

Enter DNE for Does Not Exist, oo for Infinity

Question 2

Consider the following table showing the breakdown of GDP (in billions) for Japan.

Consumption | 1500 |
---|---|

Investment | 700 |

Government Expenditure | 400 |

Exports | 10 |

Imports | 50 |

1. What are net exports for Japan.

-40

Hint
2. Japan is experiencing:

Trade Deficit.

Hint
Box 1: Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)

Enter DNE for Does Not Exist, oo for Infinity

Box 2: Select the best answer