Suppose that GDP is $50 million in 2015 but falls to $48 million in 2016, and that no changes in personal consumption expenditures, gross private domestic investment, and government spending are recorded. What must have happened to net exports to cause this change?
a. From 2015 to 2016, both imports and exports must have risen by $2 million.
b. From 2015 to 2016, both imports and exports must have fallen by $2 million.
c. From 2015 to 2016, the difference between exports and imports must have fallen by $2 million.
d. From 2015 to 2016, the difference between exports and imports must have increased by $2 million.
Answers: 1
Another question on Business
Business, 22.06.2019 07:30
Why has the free enterprise system been modified to include some government intervention?
Answers: 1
Business, 22.06.2019 10:30
On july 1, oura corp. made a sale of $ 450,000 to stratus, inc. on account. terms of the sale were 2/10, n/30. stratus makes payment on july 9. oura uses the net method when accounting for sales discounts. ignore cost of goods sold and the reduction of inventory. a. prepare all oura's journal entries. b. what net sales does oura report?
Answers: 2
Business, 23.06.2019 22:00
How do public goods limit a free market economy? a. they allow consumers to make only occasional economic decisions. b. they allow government to make some economic decisions. c. they allow consumers to make all of the economic decisions. d. they do not allow government to make any economic decisions.
Answers: 1
You know the right answer?
Suppose that GDP is $50 million in 2015 but falls to $48 million in 2016, and that no changes in per...
Questions
English, 24.07.2019 17:30
English, 24.07.2019 17:30
English, 24.07.2019 17:30
Mathematics, 24.07.2019 17:30
Biology, 24.07.2019 17:30
Mathematics, 24.07.2019 17:30
Social Studies, 24.07.2019 17:30
Social Studies, 24.07.2019 17:30
Mathematics, 24.07.2019 17:30
History, 24.07.2019 17:30
