Table 11.1

-Refer to Table 11.1. At the equilibrium level of output, y*, what is the trade balance?

Name: Table 11.1 -Refer to Table 11.1. At the equilibrium level of output, y*, what is the trade balance?
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Question

Table 11.1
 
-Refer to Table 11.1. At the equilibrium level of output, y*, what is the trade balance?

Quizplus · Accepted Answer

The trade balance at equilibrium output, y*, is determined by the difference between exports and imports. The correct choice is based on the data provided in Table 11.1, which indicates that at y*, the trade balance is -186.25.

Table 11.1 -Refer to Table 11.1. at the Equilibrium Level of Output