Refer to the table above. What will be the value of the gross domestic product of the country if the country runs a trade surplus of $30,000 next year, everything else remaining unchanged?
A) $378,000 B) $372,000 C) $407,000 D) $524,000
A
Economics
You might also like to view...
When price elasticity is less than -1, consumer spending increases as price falls.
Answer the following statement true (T) or false (F)
Economics
The real wage can increase only if the nominal wage increases
a. True b. False
Economics
Monopolistically competitive firms could reduce the average total cost of producing by increasing output; therefore, these firms have
Economics
An obligation to make future payment is
A. Debt service. B. An asset. C. A liability. D. Debt refinancing.
Economics