In the short run, a factor that leads to changes in Australian imports is
A)Australian exports.
B)Australian real GDP.
C)the level of income in foreign nations.
D)the real interest rate.

Question

Quizplus · Accepted Answer

In the short run, Australian imports are influenced by Australian real GDP because as the domestic economy grows, consumers and businesses tend to import more goods and services.

In the Short Run, a Factor That Leads to Changes