Solved

When a USCitizen Buys $500 of Chinese-Made Parts for a Motorcycle

Question 9

Multiple Choice

When a U.S.citizen buys $500 of Chinese-made parts for a motorcycle,


A) U.S.consumption falls by $500,U.S.net exports decline by $500,and U.S.GDP declines by $1000.
B) U.S.consumption does not change,U.S.net exports decline by $500,and U.S.GDP declines by $500.
C) U.S.consumption increases by $500,U.S.net exports remain the same,and U.S.GDP increases by $500.
D) U.S.consumption increases by $500,U.S.net exports decline by $500,and U.S.GDP remains the same.

Correct Answer:

verifed

Verified

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

Related Questions