Assume that GDP = 8,100, consumption = 5,400, gross private domestic investment = 1,200, government purchases = 1,600.Which of the following is true?
A) imports exceed exports by 100
B) exports exceed imports by 100
C) depreciation is 100
D) the trade surplus is 100
E) both B and D
Correct Answer:
Verified
Q30: If imports increase by $15 billion, which
Q31: If the government increases taxes, which of
Q32: Assume government purchases = $1,500, the budget
Q33: If private domestic saving exceeds private domestic
Q34: If the U.S.budget deficit increased substantially while
Q36: If the budget surplus increases, which of
Q37: Assume exports = 300, imports = 400,
Q38: If private domestic saving is 960, private
Q39: The GDP-deflator and the producer price index
Q40: Assume that GDP = 4,800, consumption =
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents