Net exports are
A. the smallest component of GDP.
B. income after taxes.
C. the largest component of GDP.
D. included in government spending.
A. the smallest component of GDP.
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Refer to Figure 3-2. An increase in price of inputs would be represented by a movement from
A) A to B. B) B to A. C) S1 to S2. D) S2 to S1.
Which of the following would be most likely to induce Congress and the president to conduct contractionary fiscal policy? A significant
A) increase in labor productivity. B) decrease in oil prices. C) increase in inflation. D) decrease in real GDP.
During periods of inflation, the real value of a given amount of nominal dollars decreases
a. True b. False Indicate whether the statement is true or false
Which of the following is not a property of ideal of money?
a. Durable b. Portable c. Divisible d. Diversified quality