Assume that a country has consumer spending of $77 Billion, Investment spending of $43 Billion, Government spending of $49 Billion, and imports $23 billion worth of goods while exporting $33 billion worth of goods. a. What is this country’s nominal GDP? b. Is this country running a trade deficit or surplus? c. Assume that consumer spending increases by $3 Billion, what happens to GDP? d. After this, assume that investment spending decreases by $10 Billion, what happens to GDP?

An allergy products superstore buys 6000 of their most popular model of air filters each year. the price of the air filters is $18. the cost of ordering and receiving shipments is $12 per order. accounting estimates annual carrying costs are 20% of the price. the supplier lead time is 2 days. the store operates 240 days per year. each order is received from the supplier in a single delivery. there are no quantity discounts. what is the store’s minimum total annual cost of placing orders & carrying inventory?