Suppose exports are $1850 and imports are given by IM = 0.13Y.At what level of national income will net exports equal zero?
A) $0
B) $277
C) $1573
D) $14 231
E) $27 750
Correct Answer:
Verified
Q30: A movement along the net export (NX)function
Q31: A rise in the Canadian-dollar price of
Q34: An increase in foreign income,other things being
Q35: Suppose exports are $940 and imports are
Q36: The diagrams below show the import,export,and net
Q37: A parallel downward shift in the net
Q39: An upward shift and flattening of the
Q42: The table below shows national income and
Q49: Consider a consumption function in a simple
Q54: Consider a consumption function in a simple
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