Multiple Choice
GDP equals $8 trillion. If consumption equals $5.5 trillion, investment equals $500 billion, and government spending equals $1.5 trillion, then:
A) exports exceed imports by $500 billion.
B) imports exceed exports by $500 billion.
C) net exports equal zero.
D) exports exceed imports by $1 trillion.
Correct Answer:
Verified
Correct Answer:
Verified
Q84: Which of the following is true?<br>A)Purchases of
Q85: If Jim pays $1000 to John:<br>A)GDP will
Q86: Personal income includes:<br>A)income received in the form
Q87: Which of the following is true?<br>A)Real GDP
Q88: The era of Prohibition began in 1920
Q90: Nominal GDP is $10,000 billion in 2011,
Q91: Which of the following products are not
Q92: In the simple circular flow model of
Q93: If real GDP increased by 2% and
Q94: Gross domestic product is the value of