Net exports is defined as exports minus imports

Assignment Help Business Economics

Reference no: EM131099125

Net exports is defined as exports minus imports. Because of this minus sign, net exports can be negative or positive, depending on the sizes of exports and imports. If exports are greater than imports, then net exports are positive, resulting in a “trade surplus.” On the other hand, if imports are greater than exports, then net exports are negative, resulting in a “trade deficit.” Using this information, Situation (2) has a _____, meaning that U.S. GDP for Situation (2) is _____ $18 trillion.

A. trade deficit...greater than

B. trade deficit...less than

C. trade surplus...greater than

D. trade surplus...less than

Reference no: EM131099125

Questions Cloud

Determining the certification issues : Bert Williams called me this morning while you were in your grievance hearing. He wants your help. Apparently, one of his teachers (Ms. Gonzales) has not been able to pass the State Teacher Certification Competency test. She passed all sections ex..

Business expectations about future economic conditions : According to the figure, U.S. GDP at Situation (3) is $8 trillion with a price level of 113. Suppose that the U.S. economy moves from Situation (3) to Situation (2). Which of the answer choices best explains the reason for this movement? A decrease ..

Compare the market value of the total outputs : Why do national income accountants compare the market value of the total outputs in various years rather than actual physical volumes of production? What problem is posed by any comparison over time of the market values of various total outputs? How ..

Call the practice of collecting : what do we call the practice of collecting and using data to show that human resource practices have a positive influence on the company's bottom line or key stakeholders?

Net exports is defined as exports minus imports : Net exports is defined as exports minus imports. Because of this minus sign, net exports can be negative or positive, depending on the sizes of exports and imports. If exports are greater than imports, then net exports are positive, resulting in a “t..

Eliminate left recursion from the syntax-directed : The following grammar generates expressions formed by applying an arithmetic operator + to integer and real constants. When Iwo integers are added, the resulting type is integer, otherwise. it is real.

Where is the money supply, is the velocity of money : The equation of exchange is given by , where is the money supply, is the velocity of money, is the economy’s price level, and is real GDP. Suppose the following diagram shows the current aggregate demand (AD) and aggregate supply (AS) curves in a hyp..

Determine the mass of the barge in kilograms : Write an equation for the buoyant force on the empty barge in terms of the known data. Determine the mass of the barge in kilograms. Find the mass of the coal in terms of the given data.

The effectiveness of monetary policy is increased : The effectiveness of monetary policy is increased

User Account

All Pages