Suppose there are three countries in the world. Country A ex…
Suppose there are three countries in the world. Country A exports $20 million worth of goods to country B and $15 million worth of goods to country C; country B exports $8 million worth of goods to country A and $10 million worth of goods to country C; and country C exports $6 million worth of goods to country A and $4 million worth of goods to country B.What are the total exports of countries A, B and C respectively?Total exports of Country A = $[a] million Total exports of Country B = $[b] millionTotal exports of Country C = $[c] millionWhat are the total imports of countries A, B and C respectively?Total imports of Country A = $[d] million Total imports of Country B = $[e] millionTotal imports of Country C = $[f] millionWhat are the net exports of countries A, B, & C respectively? Net exports of Country A = $[g] million Net exports of Country B = $[h] millionNet exports of Country C = $[i] million Country A is running a trade [j] (deficit, surplus)
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