Macroeconomics (9th Global Edition)
9th Edition
ISBN: 9780134141534
Author: Andrew B. Abel, Ben Bernanke
Publisher: Pearson Global Edition
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Question
Chapter 1, Problem 2NP
(a)
To determine
To calculate the following ratios for the past three years:
- Export to
GDP - Import to GDP
- Trade imbalance to GDP
To analyze the trend of the calculated ratios.
(b)
To determine
To calculate the following ratios for the past three years:
- Federal government receipts to GDP
- Federal government expenditure to GDP
- Budget deficit to GDP
To analyze the trend of the calculated ratios.
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Of the four choices below, which causes a shift in the Supply of dollars to the right? A. An expansionary fiscal policy that raised U.S. income and increased U.S. imports.B. An expansionary fiscal policy that raised U.S. income and reduced U.S. imports.C. A contractionary fiscal policy that reduced U.S. income and lowered U.S. imports.D. A contractionary fiscal policy that reduced U.S. income and increased U.S. imports.
Chapter 1 Solutions
Macroeconomics (9th Global Edition)
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