Multiple Choice
Suppose that the economy is in equilibrium, with the government budget in surplus and with saving greater than investment.According to the circular-flow model, how do imports relate to exports?
A) Imports must exceed exports.
B) Imports must be less than exports.
C) Imports must equal exports.
D) Imports could be greater than or equal to exports.
Correct Answer:

Verified
Correct Answer:
Verified
Q103: Jimmy Earl, a farmer, sells $20 worth
Q104: In GDP measurement, which of the following
Q105: Which of the following is NOT a
Q106: The country of PirateLand had a GDP
Q107: Why do GDP figures tend to understate
Q109: Suppose that the economy is in equilibrium,
Q110: Rhonda sells a house she has owned
Q111: Which of the following is NOT considered
Q112: What does gross domestic product measure? <br>A) the
Q113: Suppose that the economy is in equilibrium,