Consider the following table showing national income and imports in billions of dollars.
Assume that the level of exports is $300 billion.
a. Compute the level of net exports for each level of national income and fill in the table
below. (Round your responses to the nearest whole number.)
b. Use the line drawing tool to draw and label the net export function in the graph to the
right. Make sure that line passes through all the points from the table.
Carefully follow the instructions above, and only draw the required objects.
Net Exports Function
*****I NEED THE GRAPH PORTION*****
Consider the following table showing national income and imports in billions of dollars. Assume that the level of exports is $300 billion.
Net Exports Function
300 270 240 210- 180 150 120 90 60- 30- 0 t Exports ($ -30 09- 06- Net -120- -150 -180- -210- -240- -270 -300-
a. Compute the level of net exports for each level of national income and fill in the table below.(Round your responses to the nearest whole number.
Q
Actual National Income (Y) Billions of $)
Imports
Net Exports (Billions of $)
(Billions of $)
100
95 130
205 170
200
200
400
600
800
1,000
300
165
135
400 500 600 700 800
200 235 270 305 340
100 65 30 -5 -40
Actual National Income ($ billions)
b. Use the line drawing tool to draw and label the net export function in the graph to the right. Make sure that line passes through all the points from the table.
Carefully follow the instructions above, and only draw the reguired objects.