Solved

In 2011, Consumption Spending Is $7,000, Government Purchases of Goods

Question 176

Multiple Choice

In 2011, consumption spending is $7,000, government purchases of goods and services is $2,000, and investment spending is $1,500. If GDP for 2011 is $10,300, exports are _____ and imports are _____.


A) $400; $200
B) $100; $200
C) $600; $800
D) $500; $300

Correct Answer:

verifed

Verified

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

Related Questions

Q171: Use the following to answer questions: <img

Q172: Which item would NOT be included in

Q173: Suppose that Mr. Green Jeans sells $5,000

Q174: According to the circular-flow diagram, which economic

Q175: Use the following to answer questions: <img

Q177: If, during 2010, the Republic of Sildavia

Q178: A laptop computer that is purchased by

Q179: The circular-flow diagram illustrates:<br>A) the minimum wage

Q180: A nation's exports minus its imports:<br>A) equals

Q181: Use the following to answer questions: <img