+1-415-670-9189
info@expertsmind.com
Gross domestic product equals
Course:- Business Economics
Reference No.:- EM13891914




Assignment Help
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
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
Consider now an economy where you need to search for a job. Let b be the fraction of people that do not have a job and are searching for one. Write the equations describing th
Imagine that you are part of the marketing management team at Home Plus, a regional discount big-box retailer who competes with Wal-Mart and Target. Home Plus currently focuse
Explain, in the IS/LM/BP framework with fixed exchange rates, the impact of an autonomous increase in foreign demand for a country’s exports upon the country’s national income
Most Caribbean countries have some type of controls on the provision of taxi services. Individuals that provide taxi services must first obtain a license and maintain certain
What conditions are necessary to determine if the purely competitive firm should produce in the short run? State the marginal revenue and marginal cost conditions and the tota
Consider a market with two identical firms. The market demand is P = 26 – 2Q, where Q = qa + qb and the firms cost structure is such that MCa=MCb=ACa=ACb=2. a) Solve for the C
A young college student on a tight budget is campaigning for an open city council seat. A friend in her economics class estimates that voters are influenced by TV and newspape
Assume a consumer who buys cola and ice cream for snacks. Assume that the price of ice cream increases. Which of the following is an example of the substitution effect.