Countries A and B have the same levels of consumption,investment,and government purchases,but country B sells twice as many exports as buys twice as many imports
As country A. Which country must have a larger GDP?
A) Country A
B) Country B
C) The GDP of country A must equal the GDP of country B
D) The answer depends on whether country A has positive or negative net exports
E) The answer depends on whether country A's imports are greater than its domestic consumption
Correct Answer:
Verified
Q15: The next questions refer to the following
Q16: The shares of national income paid to
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Q18: The next questions refer to the following
Q19: If both imports (M) and exports (X)
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Q22: Most of the world's economic output is
Q23: Comparing countries' income per head using Purchasing
Q24: Purchasing Power Parity
A) is an income redistribution
Q25: Which of the following will result in
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