If a country has $2.4 billion of net exports and purchases $4.8 billion of goods and services from foreign countries, then it has
a. $7.2 billion of exports and $4.8 billion of imports.
b. $7.2 billion of imports and $4.8 billion of exports.
c. $4.8 billion of exports and $2.4 billion of imports.
d. $4.8 billion of imports and $2.4 billion of exports.
a
You might also like to view...
From 1970 to 2010, the poverty rate in East Asia rose slightly but the level of poverty in sub-Saharan Africa fell dramatically
Indicate whether the statement is true or false
A network externality is:
A. a direct effect on an economic decision maker. B. an uncompensated effect on someone other than the person who caused it. C. an indirect effect on an economic decision maker. D. the effect that an additional user of a good or participant in an activity has on the value of that good or activity for others.
Individuals are more likely to engage in productive activities when institutions and policies
a. create a fair and unbiased judicial system. b. result in high and variable rates of inflation. c. transfer a large share of income through the political process. d. are used to centrally plan the economy.
In the short-run Keynesian model where the marginal propensity to consume is 0.5, to offset an expansionary gap resulting from a $1 billion increase in autonomous consumption, government purchases must be:
A. decreased by $2 billion. B. decreased by $1 billion. C. decreased by $0.5 billion. D. increased by $1 billion.