Multiple Choice
Assume that a $1.00 increase in exports increases GDP by $3.00, and a $1.00 increase in income increases import spending by $0.15. In this case, a ________ million increase in exports will increase net exports by $550 million.
A) $550
B) $700
C) $1,000
D) $1,350
Correct Answer:
Verified
Correct Answer:
Verified
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