Answered: Algebraically, the relationship between…

Algebraically, the relationship between imports and income can be written as Select one: a. IM = m/Y b. Y = mIM C. IM = Y/m d. IM = mY

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: Open-economy Macroeconomics: Basic Concepts

Section13.1: The International Flows Of Goods And Capital

Problem 1QQ

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Question

Algebraically, the relationship between imports and income can be written as
Select one:
a. IM = m/Y
b. Y = mIM
C. IM = Y/m
d. IM = mY

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