Suppose there are three countries in the world. Country A ex…
Suppose there are three countries in the world. Country A exports $2 million worth of goods to country B and $16 million worth of goods to country C; country B exports $5 million worth of goods to country A and $13 million worth of goods to country C; and country C exports $12 million worth of goods to country A and $11 million worth of goods to country B.What are the total exports of countries A, B and C respectively?Total exports of Country A = $ million Total exports of Country B = $ millionTotal exports of Country C = $ millionWhat are the total imports of countries A, B and C respectively?Total imports of Country A = $ million Total imports of Country B = $ millionTotal imports of Country C = $ millionWhat are the net exports of countries A, B, & C respectively? Net exports of Country A = $ million Net exports of Country B = $ millionNet exports of Country C = $ millionCounty C is running a trade (deficit, surplus).