If last year net exports of goods and services was negative. This means that
A) there was an error made when calculating net exports of goods and services.
B) consumption expenditure plus investment was less than the value of exports plus the value of imports.
C) consumption expenditure plus investment plus government expenditures on goods and services was less than the value of exports plus the value of imports.
D) the value of exports was less than the value of imports.
E) the value of exports was greater than the value of imports.
Correct Answer:
Verified
Q1: In calculating GDP, we must
A) add the
Q2: Net exports of goods and services are
Q4: A restaurant buys fish to offer as
Q5: In measuring GDP, which of the following
Q6: Which of the following is a final
Q7: How are final goods and services valued
Q8: Government expenditures on goods and services include
i.
Q9: Which of the following is included in
Q10: Which of the following is NOT directly
Q11: When measuring GDP,
A) only the federal government's
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