(Scenario: Demand and Supply for Iron Ore) This table represents a demand and supply schedule for a small-country producer of iron ore. It sells output in its home market and on the world market at the world price of $70 per ton. Table: Demand and Supply for Iron Ore 
What is the total value of the export subsidy that exporters receive?
Definitions:
Gross Investment
The total expenditure on new capital assets plus the replacement of depreciated assets within an economy in a specific time period.
Net Domestic Product
The aggregate worth of every product and service generated inside a nation over a particular timeframe, deducting depreciation.
Gross Domestic Product
The total market value of all final goods and services produced within a country in a specific time period, indicating economic health.
Depreciation
Depreciation is the accounting process of allocating the cost of tangible assets over their useful lives, reflecting wear and tear or obsolescence.
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