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

Question

Quizplus · Accepted Answer

In the short run, changes in U.S. real GDP can lead to changes in U.S. imports because as the economy grows and incomes rise, consumers and businesses are likely to increase their spending, including on imported goods and services.

In the Short Run, a Factor That Leads to Changes