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Aplia Homework: Chapter 12 Consider the following transactions that occur during the current year: 1. Raphael, a liquor store owner in Canada, orders 40 cases
Aplia Homework: Chapter 12 Consider the following transactions that occur during the current year: 1. Raphael, a liquor store owner in Canada, orders 40 cases of mescal from a Mexican distributor at a price of $90.00 per case. 2. A Canadian company sells 200 spark plugs to a Korean company at $5.00 per spark plug. 3. Alex, Canadian citizen, pays $1,500 for a laptop he orders from Microell (a Canadian company). Complete the following table by indicating how the combined effects of these transactions will be reflected in Canadian national accounts for the current year. Hint: Remember to enter a minus sign when the balance is negative. Amount (Dollars) Imports Exports Domestic Spending Net Exports Gross Domestic Product (GDP) Grade It Now Save & Continue
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