In a certain economy in 2005,the value of imports amounted to 80 percent of the value of exports.Consumption,investment,and government purchases added up to $5,000.The market value of all final goods and services produced within the economy was $5,500.It follows that the economy exported
A) $500 worth of goods and services.
B) $1,000 worth of goods and services.
C) $1,500 worth of goods and services.
D) $2,500 worth of goods and services.
Correct Answer:
Verified
Q131: In the United States in 2004,purchases of
Q132: In 2004,government purchases of goods and services
Q133: If total spending rises from one year
Q134: In a certain economy in 2005,households spent
Q135: In a certain economy in 2005,GDP amounted
Q138: An identity is an equation that
A)describes an
Q140: In 2004,U.S.government purchases of goods and services
Q141: Suppose that the country of Samiam produces
Q203: If net exports is a negative number
Q208: If real GDP doubles and the GDP
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents