If imports are $4 billion and net exports are $4 billion, what must be the value of exports?

Real GDP in the country of Oz is growing at 5 percent and its population is growing at 2 percent. In the country of Lilliput, real GDP is growing at 4 percent and its population is growing at 0.5 percent. Thus,

A) real GDP per person in Oz is growing at a faster rate than in Lilliput. B) real GDP per person in Lilliput is growing at a faster rate than in Oz. C) real GDP per person in Lilliput is growing at the same rate as in Oz. D) real GDP per person in Lilliput is growing at a rate that is not comparable to that in Oz. E) We need more information to determine if real GDP per person in Lilliput is growing faster or slower than real GDP per person in Oz.

Import bans, import quotas, voluntary export restraints (VERs), and tariffs on goods all:

A. increase imports and raise prices for consumers. B. reduce imports and prices for consumers. C. reduce imports and raise prices for consumers. D. increase imports and reduce prices for consumers.