Please refer to the INSTRUCTIONS FOR THE NET EXPORTS QUESTIO…
Please refer to the INSTRUCTIONS FOR THE NET EXPORTS QUESTIONS provided in the exam details above. 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).