Exhibit 11-1
-Refer to Exhibit 11-1. Net exports of goods and services (X-M) was approximately:
A) -900 billion.
B) -450 billion.
C) 1200 billion.
D) 900 billion.
Correct Answer:
Verified
Q38: The expenditure approach to GDP accounting includes:
A)consumption.
B)investment.
C)net
Q39: GDP minus the net income of foreigners
Q40: Net exports are defined as:
A)exports plus imports.
B)exports
Q41: Transfer payments are included in which category
Q42: Using the expenditure approach to GDP accounting,
Q44: The largest component of consumption expenditures is:
A)durables.
B)nondurables.
C)services.
D)residential
Q45: Government purchases, under the expenditure approach to
Q46: Changes in inventories are included in which
Q47: The investment component of GDP includes:
A)funds in
Q48: Declines in business inventories enter national income
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