Hi, can someone help me with this:
What is the imports and exports in this statement:
• 400 million units of food were produced and sold for $10 per unit, 10% was exported and the rest was eaten by domestic residents who also imported 200 million units of food at a price of $12 per unit
Also for this statement:
• 90,000 desks are imported and sold for $50 per desk
• The government, firms, and households each buy 1/3 of the desks
Is the imports quantity 90,000 but the government, investment, and households quantity zero?
What is the imports and exports in this statement:
• 400 million units of food were produced and sold for $10 per unit, 10% was exported and the rest was eaten by domestic residents who also imported 200 million units of food at a price of $12 per unit
Also for this statement:
• 90,000 desks are imported and sold for $50 per desk
• The government, firms, and households each buy 1/3 of the desks
Is the imports quantity 90,000 but the government, investment, and households quantity zero?