QUESTION 1 S+M $75 50 $120 200 240 320 GDP In equilibrium in the above private open economy: O exports exceed imports. O a balance of payments surplus exists. O imports exceed exports. O net exports are a positive amount.

QUESTION 1 S+M $75 50 $120 200 240 320 GDP In equilibrium in the above private open economy: O exports exceed imports. O a balance of payments surplus exists. O imports exceed exports. O net exports are a positive amount.

Principles of Macroeconomics (MindTap Course List)

7th Edition

ISBN:9781285165912

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: Open-Economy Macroeconomics: Basic Concepts

Section: Chapter Questions

Problem 3QCMC

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