When a U.S.citizen buys $500 of Chinese-made parts for a motorcycle,
A) U.S.consumption falls by $500,U.S.net exports decline by $500,and U.S.GDP declines by $1000.
B) U.S.consumption does not change,U.S.net exports decline by $500,and U.S.GDP declines by $500.
C) U.S.consumption increases by $500,U.S.net exports remain the same,and U.S.GDP increases by $500.
D) U.S.consumption increases by $500,U.S.net exports decline by $500,and U.S.GDP remains the same.
Correct Answer:
Verified
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