Suppose there are three countries in the world. Country A ex…
Suppose there are three countries in the world. Country A exports $8 million worth of goods to country B and $16 million worth of goods to country C; country B exports $8 million worth of goods to country A and $12 million worth of goods to country C; and country C exports $21 million worth of goods to country A and $22 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 = $ million Total exports of Country C = $ million What are the total imports of countries A, B and C respectively? Total imports of Country A = $ million Total imports of Country B = $ million Total imports of Country C = $ million What are the net exports of countries A, B, & C respectively? Net exports of Country A = $ million Net exports of Country B = $ million Net exports of Country C = $ million County C is running a trade (deficit, surplus).