Solved

Use the Following to Answer Questions

Question 265

Multiple Choice

Use the following to answer questions :
Figure: Circular-Flow Model Use the following to answer questions : Figure: Circular-Flow Model   -(Figure: Circular-Flow Model)  Look at the figure Circular-Flow Model. If the circular-flow model is in equilibrium (the sum of money flowing into each box is equal to the sum of the money flowing out of it)  and there is an increase in exports, which of the following is likely to happen? A) a decrease in the nominal GDP B) a decrease in the real GDP C) a decrease in the unemployment rate D) a decrease in the inflation rate
-(Figure: Circular-Flow Model) Look at the figure Circular-Flow Model. If the circular-flow model is in equilibrium (the sum of money flowing into each box is equal to the sum of the money flowing out of it) and there is an increase in exports, which of the following is likely to happen?


A) a decrease in the nominal GDP
B) a decrease in the real GDP
C) a decrease in the unemployment rate
D) a decrease in the inflation rate

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions