The value of demand for imports A) depends on the real income of our trading partners (Y^f). B) depends on domestic real GDP. C) depends on domestic real GDP and foreign real interest rates. D) depends on the level of exports.

Question

Quizplus · Accepted Answer

The value of demand for imports primarily depends on domestic real GDP, as higher income levels within a country typically lead to increased demand for both domestic and imported goods.

The Value of Demand for Imports