U.S. exports to Canada are are positively related to Canada's GDP. positively related to the U.S. GDP. are independent of Canada's GDP. Are negatively related to the U.S. GDP.
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U.S. exports to Canada are
are positively related to Canada's GDP.
positively related to the U.S. GDP.
are independent of Canada's GDP.
Are negatively related to the U.S. GDP.
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- U.S. net export spending falls when? the inflation rate is lower in the United States relative to other countries. the price level in the United States falls relative to the price level in other countries. the value of the U.S. dollar decreases relative to other Currencies. the growth rate of U.S. GDP is faster than the growth rate of GDP in other countries.When exports and imports are exactly equal for a country, this is called... Net imports. Trade surplus. ⒸNet exports. Trade deficit. Balanced trade.When Americans buy goods produced in Canada, Canadians earn income from American expenditures. Does the value of this Canadian output and American expenditure get counted under the GDP of Canada or the United States? Why?
- Jamaica's Gross National Product would be increased by: a. Outflows of net property income b. Imports of goods and services c. Profits earned in a Jamaican-owned factory in another country overseas d. Taxes on domestic expenditure2. Exports, imports, and Net exportsWill Net exports (equals exports minus imports) rise or fall under each of these scenarios: S. price level rises faster than foreign price levels S. GDP grows slower than foreign GDP $US falls in value relative to other currencies
- Ifthe value of a nation's imports exceeds the value of its exports,which of the following is NOT true? a.Net exports are negative. b.GDP is less than the sum of consumption, investment, and government purchases. c.Domestic investment is greater than national saving. d.The nation is experiencing a net outflow of capitaIf the value of a nation’s imports exceeds the valueof its exports, which of the following is NOT true?a. Net exports are negative.b. GDP is less than the sum of consumption,investment, and government purchases.c. Domestic investment is greater than nationalsaving.d. The nation is experiencing a net outflow ofcapital.Find the balance of trade if exports of good is 270 and the imports of goods is 185.
- Gross Domestic Product represents... Group of answer choices The degree of globalization The value of the total production in a country The ratio of exports relative to the total production in a country The sum of imports and exports of a countryMany U.S. business leaders argue that the current state of U.S. net exports is the result ofa. U.S. export subsidies.b. free trade policies of foreign governments.c. unproductive U.S. workers.d. unfair foreign competition.Real GDP (Y) Consumption (C) Planned Investment (I) Government Purchases (G) Net Exports (NX) $8,000 $6,900 $1,000 $1,000 -$500 9,000 7,700 1,000 1,000 -500 10,000 8,500 1,000 1,000 -500 11,000 9,300 1,000 1,000 -500 12,000 10,100 1,000 1,000 -500 Note: Values are in billions of US dollars What is the equilibrium level of Real GDP and the Marginal Propensity to Consume? Suppose the government purchases increase by $200 billion. Use the multiplier formula to determine the new equilibrium level of GDP.