Answered: Suppose that GDP for each country in…

Suppose that GDP for each country in the table to the right doubled. Complete the following table. To: PABCD А Values of Exports ($ trillion) B A C D

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Suppose that GDP for each country in the table to the right doubled. Complete the
following table.
To:
ABCD
А
Values of Exports ($ trillion)
B
A
C

Country
A
B
C
D
To:
PABCD
of World Spending
-
40
40
10
10
Values of Exports ($ trillion)
A
B
1.6
1.6
0.4
0.4
-
GDP ($ trillion)
4
4
1
0.4
0.4
C
| | |
0.4
0.4
0.1
1
D
0.4
0.4
0.1

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