Multiple Choice
If planned aggregate expenditures are $300 billion, consumption is $180 billion, investment is $75 billion, government spending is $45 billion, there is a
A) trade surplus of $300 billion.
B) trade surplus of $600 billion.
C) trade deficit of $300 billion.
D) trade balance.
Correct Answer:
Verified
Correct Answer:
Verified
Q24: If income increases by $750, we know
Q25: The price of _ in terms of
Q26: Refer to the information provided in Figure
Q27: The trade feedback effect refers to the
Q28: The current international monetary system is based
Q30: Refer to the information provided in Figure
Q31: If planned aggregate expenditures are $150 billion,
Q32: When economic activity abroad is increasing,<br>A) U.S.
Q33: Assume that a $1.00 increase in exports
Q34: Under the gold standard, if gold was