Refer to the above table. If net exports increased by $10 billion at each level of GDP, the equilibrium real GDP would be:
The table shows a private open economy. All figures are in billions of dollars.
A. Not determinate in the table
B. $610
C. $650
D. $700
C. $650
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Relative to a monopolist charging a single price to all consumers, price discrimination ________ total economic surplus.
A. sometimes increases and sometimes decreases B. decreases C. has no effect on D. increases
A price above equilibrium always yields a surplus.
Answer the following statement true (T) or false (F)
An economic slow-down would cause the labor:
A. supply curve to shift left. B. supply curve to shift right. C. demand curve to shift left. D. demand curve to shift right.
A major source of funding of R&D in large, established corporations is:
A. venture capital. B. dividends. C. mutual funds. D. retained earnings.