Essay
The net export function for the economy of Bertan is XN = 500 - 0.1Y.
a)Suppose income is $3,000.What is the value of the trade surplus or deficit?
b)What range of income will give Bertan a trade surplus?
c)What range of income will give Bertan a trade deficit?
d)At what level of income will there be a zero balance of trade?
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a)Trade surplus,$200...View Answer
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