Price level (GDP deflator, 2009-100) 140- SAS Weak Dollar Helps Shrink Trade Deficit The United States trade deficit narrowed in May as exports climbed to records. Exports of American-made goods and services totaled $157.6 billion in May, a 0.9 percent increase from April. The declining value of the dollar relative to other currencies, especially the euro, is helping to make American exports cheaper and more attractive to foreign buyers. Growth in exports has been one of the few bright spots for the economy, which has been pounded by housing, credit and financial crises. Tax rebates also are energizing shoppers. The New York Times, July 12, 2008 The graph shows the aggregate demand curve and the short-run aggregate supply curve in the U.S. economy. Draw a curve that shows the effect of depreciation of the dollar. Label it. Draw a point at the new short-run macroeconomic equilibrium. 130- 120- 115 110- 100- 90- AD G 80- 9.0 10.0 12.0 13.0 11.0 12.0 14.0 15.0 Real GDP (trillions of 2009 dollars) >>> Draw only the objects specified in the question.

Price level (GDP deflator, 2009-100) 140- SAS Weak Dollar Helps Shrink Trade Deficit The United States trade deficit narrowed in May as exports climbed to records. Exports of American-made goods and services totaled $157.6 billion in May, a 0.9 percent increase from April. The declining value of the dollar relative to other currencies, especially the euro, is helping to make American exports cheaper and more attractive to foreign buyers. Growth in exports has been one of the few bright spots for the economy, which has been pounded by housing, credit and financial crises. Tax rebates also are energizing shoppers. The New York Times, July 12, 2008 The graph shows the aggregate demand curve and the short-run aggregate supply curve in the U.S. economy. Draw a curve that shows the effect of depreciation of the dollar. Label it. Draw a point at the new short-run macroeconomic equilibrium. 130- 120- 115 110- 100- 90- AD G 80- 9.0 10.0 12.0 13.0 11.0 12.0 14.0 15.0 Real GDP (trillions of 2009 dollars) >>> Draw only the objects specified in the question.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section: Chapter Questions

Problem 4WNG

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Current Account Value Exports of goods 107,941 Exports of services 44,133 Primary income receipts 36,063 Imports of goods 132,484 Import of services 29,443 Primary income payments 29,750 Net unilateral transfers -8,349 Capital account -63 Net acquisition of financial assets 20,972 Net incurrence of liabilities 54,471 Financial derivatives 0 Statistical discrepancy Based on the table above, the statistical discrepancy is
Current Account Value Exports of goods 107,941 Exports of services 44,133 Primary income receipts 36,063 Imports of goods 132,484 Import of services 29,443 Primary income payments 29,750 Net unilateral transfers -8,349 Capital account -63 Net acquisition of financial assets 20,972 Net incurrence of liabilities 54,471 Financial derivatives 0 Statistical discrepancy Based on the table above, the statistical discrepancy is Group of answer choices -21.,609 21,546 21,609 -21,546
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