Net exports of goods and services increase when A) imports of goods and services increase, and exports of goods and services do not change. B) exports of goods and services decrease, and imports of goods and services do not change. C) consumption expenditure decreases. D) exports of goods and services increase, and imports of goods and services do not change. 13. Government expenditures on goods and services include i. the local public Library's purchase of new books. ii. ACT's road maintenance. ii. the State of Victoria's payment of wages to correctional service officers. A) i and iii B) i only C) i, ii and iii D) ii and iii 14. The purchase of iron ore by China is classified in Australian GDP accounts as A) import expenditure. B) investment expenditure. C) export expenditure. D) consumption expenditure. 15. Last year in Vandanica, consumption expenditure was $20 billion, interest, rent and profit were $2.5 billion, government expenditure on goods and services was $7 billion, net exports of goods and services was $5 billion, and investment was $2 billion. Hence total expenditure was A) $34 billion. B) $36.5 billion. C) $34.5 billion. D) $24.5 billion