In 2008, net exports in the U.S. were
a. $1,831 billion.
b. -$2,539 billion.
c. -$900 billion.
d. -$1,500 billion.
e. -$708 billion.
E
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Three macroeconomic factors that affect the demand for money are:
A. capital, labor, and technology. B. the nominal interest rate, capital, and labor. C. globalization, skill-biased technological change, and labor mobility. D. the nominal interest rate, real income, and the price level.
According to Romer
A) capital drives economic growth. B) invention drives economic growth. C) government drives economic growth. D) ideas drive economic growth.
The wage of a known high-quality worker, wh, is $10,000. The wage for a known low-quality worker, wl, is $4,000. The share of the work force that is of high quality, s, is 0.5
For what value of the cost, c, of a college education that serves only as a signal of a high-quality worker does a pooling equilibrium exist? A) c > $3,000 B) c < $3,000 C) c < $1,000 D) c = $2,500
The formula for calculating real GDP = (price index/nominal GDP) 100
a. True b. False Indicate whether the statement is true or false