3 QUESTION 1In December 2021, Jackson Memorial Hospital buys a new magnetic resonance imaging (MRI) scanner, which is produced in Germany. The hospital will start using the scanner inJanuary 2022.In 2021, the purchase will count asin the U.S. and asin Germany.O both an export and investment;an importan import but not investment:an exportan export but not investment;an importO both an import and investment;an exportQUESTION 2Which of the following is true?The GDP deflator includes the prices of imported goods.The weights the GDP deflator assigns to the prices of different goods and services stay constant over time.The GDP deflator excludes the prices of capital goods.The GDP deflator is a price index.

1 For US, purchase of machinery will be counted as both an import and investment in 2021. For…

QUESTION 1 In December 2021, Jackson Memorial Hospital buys a new magnetic resonance imaging (MRI) scanner, which is produced in Germany. The hospital will start using the scanner in January 2022. In 2021, the purchase will count as in the U.S. and as in Germany. O both an export and investment; an import an import but not investment; an export O an export but not investment; an import O both an import and investment; an export QUESTION 2 Which of the following is true? The GDP deflator includes the prices of imported goods. The weights the GDP deflator assigns to the prices of different goods and services stay constant over time. The GDP deflator excludes the prices of capital goods. The GDP deflator is a price index.

QUESTION 1 In December 2021, Jackson Memorial Hospital buys a new magnetic resonance imaging (MRI) scanner, which is produced in Germany. The hospital will start using the scanner in January 2022. In 2021, the purchase will count as in the U.S. and as in Germany. O both an export and investment; an import an import but not investment; an export O an export but not investment; an import O both an import and investment; an export QUESTION 2 Which of the following is true? The GDP deflator includes the prices of imported goods. The weights the GDP deflator assigns to the prices of different goods and services stay constant over time. The GDP deflator excludes the prices of capital goods. The GDP deflator is a price index.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 8SCQ: State whether each of the following events Involves a financial flow to the U.S. economy or away...

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