When GDP is larger than the sum of C, I, and G, then:
A) a country prefers current consumption to future consumption.
B) a country prefers future consumption to current consumption.
C) a country will have a trade deficit.
D) a country will borrow to increase spending.
E) exports are large.
Correct Answer:
Verified
Q9: Which of the following is not one
Q10: The GDP of a closed economy is
Q11: The GDP of an open economy is
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Q13: When GDP is smaller than the sum
Q15: When a country has a trade deficit:
A)
Q16: Which of the following is an injection
Q17: Leakages from the income flow do not
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Q19: If S +> G + I then
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