If a country has a trade deficit of $50 billion, which of the following can be true?
A. The country's exports are $110 billion, and its imports are $160 billion.
B. The country's exports are $100 billion, and its imports are $50 billion.
C. The country's exports are $150 billion, and its imports are $60 billion.
D. The country's exports are $150 billion, and its imports are $100 billion.
Answer: A
You might also like to view...
In South Asia and Sub-Saharan Africa, about what share of the labor force works in agriculture?
(a) One tenth. (b) One third. (c) One half. (d) Two thirds.
How do price and quantity return to their original equilibrium point after a fad has passed its peak of popularity?
In the above figure, if the economy is initially at an equilibrium output at point A and the interest rate is r1, then an open market purchase of bonds by the Fed will
A) not have any impact on short- or long-run equilibrium real Gross Domestic Product (GDP). B) cause interest rates to decline to r2, investment to decline, and aggregate demand to shift inward to the left. C) cause interest rates to increase and output to decline. D) cause interest rates to decline to r2, investment to increase to I2, and the AD curve to shift upward to the right.
A stock market crash that reduces the value of an individual's trust fund would tend to
a. increase her supply of labor if the substitution effect outweighs the income effect b. decrease her supply of labor if the substitution effect outweighs the income effect c. have no impact on her labor supply decision d. increase her supply of labor e. decrease her supply of labor