Refer to the diagram. If net exports are X n2 , the GDP in the open economy will exceed GDP in the closed economy by:
A. AB.
B. AD.
C. FG.
D. BD.
D. BD.
You might also like to view...
One of the main reasons that explains why the Industrial Revolution started in Britain is that:
A) economic agents in Britain opposed creative destruction. B) Britain was a command economy. C) Britain had inclusive institutions. D) property rights were absent in Britain.
Which one of the following is a way to get out of a repeated Prisoner's Dilemma Nash Equilibrium?
a. Start by cooperating b. Start the game by punishing the rivals c. Start the game by cheating on the rivals d. All of the above
Social Security is based on the concept of
a. private insurance supported by public money b. private insurance supported by private money c. specific retirement packages for each industry d. accumulation of your own funds that will be returned to you, with interest, upon retirement e. pay-as-you go
How did the farm population in the United States change between 1950 and today?
a. It dropped from 10 million to fewer than 3 million people. b. It dropped from 20 million to fewer than 5 million people. c. It dropped from 30 million to just over 6 million people. d. It increased from 10 million to almost 13 million people.