Suppose the country of Lilliput exported $145 billion$145 billion worth of goods and imported $423 billion$423 billion worth of goods in the last calendar year. Calculate Lilliput's net exports. $$ billionbillion Lilliput is running neither a trade deficit nor a trade surplus. a trade surplus. a trade deficit.
Suppose the country of Lilliput exported $145 billion$145 billion worth of goods and imported $423 billion$423 billion worth of goods in the last calendar year. Calculate Lilliput's net exports. $$ billionbillion Lilliput is running neither a trade deficit nor a trade surplus. a trade surplus. a trade deficit.
Chapter4: The Aggregate Economy
Section: Chapter Questions
Problem 5E
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Suppose the country of Lilliput exported $145 billion$145 billion worth of goods and imported $423 billion$423 billion worth of goods in the last calendar year.
Calculate Lilliput's net exports.
$$
billionbillion
Lilliput is running
neither a trade deficit nor a trade surplus.
a trade surplus.
a trade deficit.
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