When U.S. real GDP increases, then quantity of U.S. imports
A) decreases.
B) remains constant.
C) increases.
D) at first decreases and then increases.

Question

Quizplus · Accepted Answer

When U.S. real GDP increases, it indicates that the economy is growing and consumers have more purchasing power. This leads to an increase in demand for goods and services, including foreign goods. As a result, the quantity of U.S. imports increases.

When US Real GDP Increases, Then Quantity of U