In 2015, imports represented:
A. about 1 percent of U.S. GDP.
B. about 15 percent of U.S. GDP.
C. about 40 percent of U.S. GDP.
D. nearly 70 percent of U.S. GDP.
Answer: B
You might also like to view...
Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. higher; potential D. lower; higher
Resources that are privately owned are less likely to be depleted than resources that are not privately owned
Indicate whether the statement is true or false
Refer to the scenario above. If you invest your money in the bank, you will receive ________ on maturity
A) $172,304.74 B) $898,797.66 C) $3,521,725.58 D) $4,020,025.01
Which of the following is the equation of exchange?
a. M – V = P – Q b. M + V = P – Q c. M ÷ V = P x Q d. M x V = P x Q