Other things remaining the same, ________ in Australian real GDP results in ________ in Australian imports.
A) an increase; a decrease
B) a decrease; an increase
C) an increase; an increase
D) an increase; a decrease followed by no change
E) a decrease; no change

Question

Quizplus · Accepted Answer

An increase in Australian real GDP typically leads to an increase in Australian imports because higher GDP reflects higher income and spending levels, which often include increased spending on imported goods and services.

Other Things Remaining the Same, ________ in Australian Real GDP