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.

Economics

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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.

Economics

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.

Economics

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

Economics

Which of the following is not a property of ideal of money?

a. Durable b. Portable c. Divisible d. Diversified quality

Economics