Gross domestic product equals
Course:- Business Economics
Reference No.:- EM13891914

Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Business Economics

Gross Domestic Product equals $1.2 trillion. If consumption equals $690 billion, investment equals $200 billion, and government spending equals $260 billion, then:

a) exports exceed imports by $150 billion.

b) imports exceed exports by $50 billion.

c) exports exceed imports by $50 billion.

d) imports exceed exports by $150 billion.

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
What is currency crisis (or financial crisis) What are the major stages of a financial bubble Use one example (Mexican peso crisis. Asian financial crises. Argentine financial
Assume we are examining the market for luxury automobile in the USA. In separate graphs, graph what occurs when each of the following happens For each graph explain what is ha
The following figure plots the average farm prices of potatoes in the United States for the years 1989 to 1998 versus the annual per capita consumption. Each point represents
Rather than look at the effect on the "competitiveness" of the dominant firm, should the Commission have not also considered the effect of the dominant firm's conduct on eff
Beaver Creek Pottery company is a small crafts operation run by a Native American tribal council. The company employs skilled artisans to produce clay bowls and mugs with auth
Suppose the Fed tries to prevent the increased government demand for loanable funds from raising interest rates by increasing the supply of loanable funds through and expansio
Compare the ranking of U.S. GDP (purchasing power parity) to that of other countries by visiting the CIA’s World Factbook. After reading the article U.S.A comes up a bit short
Why is a nation's real interest rate more important for international investors than the nominal interest rate? Explain the relationship between a country's interest rate and