Domestic GDP Expenditure Exports Imports Total Expenditures (Y) C + I + G (X) (IM) C + I + G + (X − IM) $2,500 $3,100 $650 $250 _____ 3,000 3,400 650 300 _____ 3,500 3,700 650 350 _____ 4,000 4,000 650 400 _____ 4,500 4,300 650 450 _____ 5,000 4,600 650 500 _____ 5,500 4,900 650 550 _____ From Table 36-2, what can you conclude about net exports as GDP rises? a. Net exports fall as GDP rises. b. Net exports rise as GDP rises. c. Net exports are constant as GDP rises. d. Net exports rise and then fall as GDP rises.
Domestic GDP Expenditure Exports Imports Total Expenditures (Y) C + I + G (X) (IM) C + I + G + (X − IM) $2,500 $3,100 $650 $250 _____ 3,000 3,400 650 300 _____ 3,500 3,700 650 350 _____ 4,000 4,000 650 400 _____ 4,500 4,300 650 450 _____ 5,000 4,600 650 500 _____ 5,500 4,900 650 550 _____ From Table 36-2, what can you conclude about net exports as GDP rises? a. Net exports fall as GDP rises. b. Net exports rise as GDP rises. c. Net exports are constant as GDP rises. d. Net exports rise and then fall as GDP rises.
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter17: Production And Growth
Section: Chapter Questions
Problem 8QR
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Question
Table 36-2
Domestic |
|
|
|
|
Expenditure |
|
Exports |
Imports |
Total Expenditures |
(Y) |
C + I + G |
(X) |
(IM) |
C + I + G + (X − IM) |
$2,500 |
$3,100 |
$650 |
$250 |
_____ |
3,000 |
3,400 |
650 |
300 |
_____ |
3,500 |
3,700 |
650 |
350 |
_____ |
4,000 |
4,000 |
650 |
400 |
_____ |
4,500 |
4,300 |
650 |
450 |
_____ |
5,000 |
4,600 |
650 |
500 |
_____ |
5,500 |
4,900 |
650 |
550 |
_____ |
From Table 36-2, what can you conclude about net exports as GDP rises?
a. |
Net exports fall as GDP rises.
|
|
b. |
Net exports rise as GDP rises.
|
|
c. |
Net exports are constant as GDP rises.
|
|
d. |
Net exports rise and then fall as GDP rises.
|
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