Multiple Choice
Article Summary
In the third quarter of 2015,the Chinese economy grew by 6.9 percent,just below the government's target of 7 percent and its slowest growth rate since 2008.A decline in manufacturing and imports led the slowdown,with fears that the slower growth will continue despite government stimulus measures.The Chinese government has been trying to move away from an export-based economy to one led by consumption and the service sector,and Sheng Laiyun,a spokesman for the Chinese statistics agency,has stated that the service sector is expected to grow rapidly.However,economists believe more government stimulus measures are needed to reverse the slowdown in economic growth.
-Refer to the Article Summary.According to the summary,the Chinese economy is trying to move away from an export based economy,while at the same time imports have declined.This decrease in exports and decrease in imports will
A) definitely increase net exports.
B) definitely decrease net exports.
C) increase net exports if the decline in exports is greater than the decline in imports.
D) decrease net exports if the decline in exports is greater than the decline in imports.
Correct Answer:

Verified
Correct Answer:
Verified
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