Multiple Choice
Which of the following would increase the net export component of U.S. GDP?
A) A bottle of California wine is purchased in London
B) A car produced in Japan is purchased in California
C) A bottle of French wine is purchased in New York
D) A car produced in Michigan is purchased in Louisiana
Correct Answer:
Verified
Correct Answer:
Verified
Q16: An economy produces 500,000 tables valued at
Q17: Who from among the following would be
Q18: Bob's Barber Shop cut 3,000 heads of
Q19: An economy produces only 500,000 tables valued
Q20: People who would like to work full-time,
Q22: Gross domestic product (GDP)equals the _ of
Q23: GDP equals the value added by producers
Q24: Who from among the following would be
Q25: Suppose a jar of orange marmalade
Q26: Consumption expenditures include spending by households on:<br>A)exports.<br>B)inventories.<br>C)residential